To avoid a risk means you'll evade it altogether, eliminate the cause of the risk event, or change the project plan to protect the project objectives from the risk event. Let's say you're going to take a car trip from your home to a point 800 miles away. You know—because your friends who just took the same trip told you—that there is a long stretch of construction on one of the highways you're planning on using. To avoid the risk of delay, you plan the trip around the construction work and use another highway for that stretch of driving. In this way, you change your plans, avoid the risk of getting held up in construction traffic, and arrive at your destination on time.
With risk avoidance, you essentially eradicate the risk by eliminating its cause. Here's another example: Suppose your project was kicked off without adequate scope definition and requirements gathering. You run a high probability of experiencing scope creep— ever-changing requirements—as the project progresses, thus impacting the project schedule. You can avoid this risk by adequately documenting the project scope and requirements during the Planning processes and taking steps to monitor and control changes to scope so it doesn't get out of hand.
Risks that occur early in the project might easily be avoided by improving communications, refining requirements, assigning additional resources to project activities, refining the project scope to avoid risk events, and so on.
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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.