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Risk Management for Project Driven Organizations by Andy Jordan

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Process Framework—Risk Management

Risk management represents the point where we make a tangible difference to the organization’s risk exposure through the application of money and/or effort. The work that has been completed in risk identification and analysis will have been wasted if it is not applied effectively at this point. At the same time, there needs to be realistic expectations about what can be achieved in risk management. There will be a number of risks that do trigger, and there will be real impact on the programs and portfolio. This doesn’t represent risk management failure, which will always be a balancing act of risk vs. return. ...

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