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The IT Project Management Answer Book by David Pratt

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Chapter

13

RISK MANAGEMENT

An IT project, by its very nature, produces an automated system, infrastructure, tool, or other result that either did not exist before the project or was modified substantially as a result of the project. Something new is generated. The project teams and stakeholders enter into the project with an idea of what the end result will look like, but without the benefit of absolute knowledge.

On a good day, a project team can expect to fully grasp 85 to 90 percent of the requirements that must be met for a technology project. The balance remains unknown for the process of progressive elaboration and discovery. That remainder, ...

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