Chapter 8
Venturing into the Unknown: Dealing with Risk
In This Chapter
Coming to terms with risk and risk management
Taking a closer look at risk factors
Examining risk likelihood and effects
Strategizing to stay on top of the risks
Drafting a risk-management plan
Your first step in managing a successful project is to develop a plan to produce the desired results on time and within budget. If your project lasts a relatively short time and you’re thorough and realistic in your planning, your project will most likely be a success.
However, the larger, more complex, and longer your project is, the more likely you are to encounter some aspects that don’t work out as you envisioned. Thus, you have the greatest chance for success if you confront the possibility of such changes head-on and if you plan to minimize their undesirable consequences from your project’s outset.
This chapter discusses how to consider potential risks when you’re deciding whether you’ll undertake your project, when ...
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