Managing Project Risk
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Everything is risky to a certain degree. From choosing a career to starting an exciting new project, to buying an adventurous new flavor of ice cream, there’s always an element of risk involved. And doesn’t it feel great when that risk pays off? Pear and blue cheese ice cream, who knew?
That’s not always the case, though. Taking big risks can leave you open to failure. So how do you know when to take a risk, and when to play it safe?
When you manage project risk and measure the likelihood and impact of possible outcomes, you can find out which risks are really worth taking. Learning to track risks, and monitoring the solutions put in place to counter them, will help you and your team make effective decisions.
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