Mistake Not Providing Adequate Time for Risk Assessment

There is no getting around the fact that risk management provides a layer of management and additional time to the project, which leads to a layer of resources — or does it? It could also be argued that by completing a proper thinking phase up front, there is an application of the rule "Measure twice, cut once." This phase should not be underestimated inasmuch as many projects tend to work under the principle of "Get it done by a certain date, regardless of the quality of the end product" rather than "Do it right the first time." In many projects, there never seems to be enough time to do it right the first time but always enough time to do it right the second time. This mistake can be avoided by getting the agreement from business owners that the cost in time to implement risk management is fully outweighed by the benefits.

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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