Mitigating Project Risks

Because risks are events or conditions that can have a positive or negative impact on the outcome of a project, project management and risk management go hand in hand. Users can record information about risks, update this information, and track the risk. Risks can be escalated to the right person for mitigation.

Risks can also be associated with specific tasks, resources, documents, issues, and other risks.

To work with the risk management features, follow these steps:

1 In the Project Web Access navigation bar, click Risks.

The View And Submit Risks In All Projects appears (see Figure 23-17).

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Project Web Access

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Home | Tasks | Projects | Status Reports | Risks | Issues | Documents

View and submit risks in all projects

Click the project name to view and submit risks in that project.

Go to selected project workspace my projects

View risk sun-all projects

View and submit risks in all projects

Click the project name to view and submit risks in that project.

Go to selected project workspace

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Figure 23-17. Click any of the projects to view or submit risks associated with that project.

2 Click the project to review risks or enter a new risk.

If no risks are entered yet, the Risks: New Item page appears (see Figure 23-18).

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Figure 23-18. Use the Risks: New Item page to enter a new risk associated with the selected project.

3 Complete the page with the risk information. When finished, click Save And Close.

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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