Common Risk Management Mistakes

Now that many of the definitions have been established, focus is now directed on the most common oversights in implementing a risk management system.

Most projects follow the principle of "if it ain't broke, don't fix it." As a result, small issues early in a project later become major problems. Risk management quickly transforms itself into crisis management, leading to missed deadlines or over-budget situations. These "crisis" situations generally follow a pattern in which the environment was not initially set for risk management to flourish. If only the benefits of a properly functioning risk management system were seen by business owners, they would begin to understand its necessity in any project, which leads to the number-one mistake.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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