Accessing Risk Factors

Accessing Risk factors

Do you agree with the following statement: “With proper planning it is possible to eliminate most/all risks from a project”?

Importance of Risk Management

Many scholars and professionals agree that risk management during planning phase of the project, often deters other project participants. This is because stakeholder's risk tolerance levels intensify the debate about managing risk as wastage of critical time resource during a project. Though, it is also fundamental to be aware that if contingency risk planning is not initiated than reactive relief measures, after potentials risks become actual threats, become unmanageable, costly and wastes numerous other ...