During the risk identification sessions, the team identified 150 potential risks in the project, it was also identified that reviewing each one of them would consume a lot of time. How would these risks be managed while minimizing the impact of time and resources? Saving Changes...
Asif GulConsultant Project Manager| Energoprojekt EntelMuscat, Oman
Along with all valuable inputs here, I just want to add from my practical experience that Risks are prioritize on the basis of their potential impact, probability is important but not as equally, since somehow probability was already there, when you identified these risks in first place. You & Your Project team should see how these risks are impacting on your project cost (most important), time (second most important) & scope.
For example, Some risks are so important that they even nullify the whole project business case, other may effect stakeholders severally or affect the organisation strategically. Saving Changes...
