7.0 Manage Risk
Risk refers to future conditions or
circumstances that exist outside of the control of the project
team that will have an adverse impact on the project if they
occur. Whereas an issue is a current problem that must be dealt
with, a risk is a potential future problem that has not yet
occurred.
A reactive project manager
addresses issues when they occur. A proactive project manager
addresses potential problems before they occur. This is
the art of risk management.
High-level process flow
All projects have some
degree of risk. Projects with a higher level of risk require more rigorous
risk management. Although not all
risks can be eliminated entirely, most can be anticipated
and managed ahead of time.
The purpose of risk management
is to identify the risk events for a project and then
establish a Risk Management Plan to manage the risk event
and minimize harm to the project. In the TenStep process,
the initial risk management during the 1.0
Define the Work step. Additional risk identification should
occur throughout the project.
[Previous -
Manage Communication / Example]
[Next - 7.1 Manage Risk / Process]
(7.0.P1)
7.1 Manage Risk / Process
7.2 Manage Risk / Techniques 7.3 Manage Risk / Quick Reference
Manage Risk / Example