What are the conditions of risk occurrence in project, Project Management

What are the conditions of risk occurrence in project?

Within a project environment there is all the time a risk or chance which adverse conditions arise, which could reason of the project to fail, or may fail to meet its planned intentions for example time, quality and cost. A project manager or a project board must consider the various tasks, activities and work to achieve project deliverables, and see any risk that a definite outcome could differ to an expected result. The financial and non-financial effects of every risk must be well documented, all risks perhaps classified in groups for better understanding of its implications. Some models as like PEST or SLEPT analysis and the other derivatives are assistance to analyse different types of risk for example social, legal, technological, political and economic risk. Risk management methods can also help to classify those risks which are controllable and uncontrollable, once particular risk has been known and the scale or impact of each evidently understood, suitable risk management strategies can be implemented in order to control all risks. It will be an on-going activity during the different stages of project.

Posted Date: 8/31/2013 6:47:46 AM | Location : United States







Related Discussions:- What are the conditions of risk occurrence in project, Assignment Help, Ask Question on What are the conditions of risk occurrence in project, Get Answer, Expert's Help, What are the conditions of risk occurrence in project Discussions

Write discussion on What are the conditions of risk occurrence in project
Your posts are moderated
Related Questions
Explain about the project management systems. Project management systems: Each project must have a plan and a set of goals or performance measures to achieve this. Contro

VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000. First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Cost Rs

Explain about the term Performance Appraisal in organization. Performance Appraisal: This is a systematic and impartial assessment of an worker’s performance on the assign

Explain about the term management in brief. Management in words of LAWRENCE APPLEY: “Management is the accomplishment of outcomes by the efforts of many other people”.

Arvin Automotive, a company that makes muffler assemblies for the Big Three, is committed to the use of Kanban to pull material through its manufacturing cells. Arvin has designed

ISO 9000 series of standards on quality system was formulated by international organization for standards in order to meet the requirements of internationally uniform q

Question 1: Explain why hotel managers today are expected to be well-versed in Facilities Planning and Design Management. What according to you could be the drawbacks of poor

Differences between Primary and Secondary Stakeholders?

Process Planning Process planning is the systematic determination of method or process by which the product is to be manufactured economically and competitively within the limits

Question 1: i) How would you define a project? What are the different types of project that exist (please explain using a model with examples) ii) Enumerate and explain bri