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This risk management hook provides a good overview of the risk management process from start to finish, and provides examples from technical projects.
The text guides the reader through the three steps of risk identification, assessment, and management, and discusses the difference hetween macro-management of risk at a corporate or portfolio level, and micro-management of risk at the project level. For example, in the insurance and finance industries, large populations are used to generate expectations of the typical result, whereas the single project considers each activity within the project to provide a credible outcome.
Three types of risk arc identified-scope, schedule, and resource risks, with resource risks including project team members, outsourcing/procurement, and finances. Scope, schedule, and resources are also described as project...