RISK MANAGEMENT IN PROJECTS

RISK MANAGEMENT IN PROJECTS

Risk Management
Risk Mitigation in project management starts with the planning phase, which is more important than anything else, according to most experts in this field. It involves finding solutions to the problems faced by project managers worldwide by identifying the threats and weaknesses associated with various projects. It aims to create action plans to reduce and mitigate the risks involved and enhance opportunities using various models. As long as we are optimally using our human and non-human resources and striving to eliminate risks and, as such, the allied damages, we are closer to attain sustainability that will have a long-term benefit to generations to come. A project is a combination of human and non-human resources put together as a temporary organization in nature, having a start and end date and is…
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