Defining the Risk Management Methodology

The methodology is concerned with how the risk management processes will take place. It asks the following:

• What tools are available to use for risk management?

• What approaches are acceptable within the performing organization?

• What data sources can be accessed and used for risk management?

• What approach is best for the project type and the phase of the project?

• Which approach is most appropriate given the conditions of the project?

• How much flexibility is available for the project given the conditions, time frame, and the project budget?

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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