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Managing Without Walls: Maximize Success with Virtual, Global, and Cross-Cultural Teams by Kevin Wegryn, Colleen Garton

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Risk Management

In chapter 8, we talked about the development of a risk-management process and the activities that the manager employs to identify as many risks as possible early in the process. As a project, contract, or customer relationship progresses, some risks will become moot, others will increase or decrease in priority, and new ones will be created. You are responsible for ensuring that your risk-management plan is reviewed and updated on a regular basis. A risk log is a living document that can change on a daily or weekly basis.

The high-priority risks that portend disaster must be kept up to date. Something that is a low risk at the beginning of a project might increase in risk level as the project progresses, becoming a potential ...

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