Study on Information Risk in Project Management

Introduction

Study on Information Risk in Project Management All projects have risks. The key to managing a project is not to avoid risks, but to understand them. A risk is the possibility of an event or condition that would have a negative impact on a project. Project risk management is the process of identifying, assessing and reacting to any threats that occur during a project’s life cycle to help the project stay on track and achieve its goal. Risk management is not only reactive; it should be part of the planning process to determine the threat that could occur in the project and how to mitigate the risk if it actually occurs.

Report is the process of identifying, mitigating, and controlling the known risks in order to increase the probability of meeting your project objectives. The most important thing to remember about risks is that all projects contain them. Risks don’t happen in only large projects. The mistake beginning project managers make in small projects is not identifying risky events in their short scheduled. In this project, we present and analyse the list of typical activities and events that can lead to risk in a project.

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