Effective risk management is one of the best ways to ensure a project is delivered on time and on budget. Projects by their nature contain much more risk than business as usual (BAU). A project risk is identified as any event, known or unknown that could threaten the project's success. Each of these project risks are identified as project risk events, scored and combine to produce an overall project risk rating. Risk management, is the monitoring and controlling of these risks, so they do not negatively impact on the … Read more...