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Conducting a risk assessment for projects - Checklist 241
The requirement for project managers to complete projects on time and to budget is one which is fraught with problems. Projects often fail to achieve this criteria due to the unforeseen problems or ‘risks’ which transpire throughout the duration of the project. Risks can arise at varying degrees of severity, having a detrimental effect upon the project’s cost, timescale and performance. When unforeseen risk occurs, there needs to be contingency plans or mitigation strategies in place to lessen the impact of a project threat.
Publication date October 2008.
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