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There’s no such thing as a risk‐free project

There’s no such thing as a risk‐free project States human progress demands risk‐taking but, conversely, managing risk in projects is always critical to success. Proposes that managers must make project risk management explicit and make identification of risks a priority. Recommends that contingency plans for low impact, high probability risks such as ‘Website designer delivers late’, but stresses controls must be put in place to allow for an early warning. Aims to encourage a robust and balanced appreciation of the trade‐off between risks and the reduction of them. Uses Figures and shaded boxes for explanation and further emphasis. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Antidote Emerald Publishing

There’s no such thing as a risk‐free project

The Antidote , Volume 5 (4): 2 – Jul 1, 2000

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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
1363-8483
DOI
10.1108/EUM0000000006787
Publisher site
See Article on Publisher Site

Abstract

States human progress demands risk‐taking but, conversely, managing risk in projects is always critical to success. Proposes that managers must make project risk management explicit and make identification of risks a priority. Recommends that contingency plans for low impact, high probability risks such as ‘Website designer delivers late’, but stresses controls must be put in place to allow for an early warning. Aims to encourage a robust and balanced appreciation of the trade‐off between risks and the reduction of them. Uses Figures and shaded boxes for explanation and further emphasis.

Journal

The AntidoteEmerald Publishing

Published: Jul 1, 2000

Keywords: Risk; Risk management; Project management

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