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Fundamentals of Project Management, 5th Edition by Joseph Heagney

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CHAPTER 6

CREATING THE PROJECT RISK ANDCOMMUNICATION PLANS

As mentioned in Chapter 1, risk management is the systematic process of identifying, analyzing, and responding to project risk. Systematic is a key word here, as many project managers attempt to deal with risks on an informal basis with little or no prior planning. Any project manager who operates in this manner is inviting failure, if not disaster. These are strong words but appropriate for an important topic. A formal, comprehensive project risk plan allows the project manager to be proactive regarding the innumerable things that can and do go wrong with a project. Without this plan, ...

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