In the early days of project management on many commercial programs, the majority of project decisions heavily favored cost and schedule. This favoritism occurred because we knew more about cost and sched

*Case Study also appears at end of chapter.

1. This chapter was updated by Dr. Edmund H. Conrow CMC, CPCM, PMP. Dr. Conrow has extensive experience in developing and implementing risk management on a wide variety of projects. The material here is adapted from Effective Risk Management: Some Keys to Success (Reston, VA: American Institute of Aeronautics and Astronautics 2000), Copyright © 2000, Edmund H. Conrow. He can be reached at (310) 374-7975 and

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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