![]() This allows the project team to focus on the most imminent and most impactful risks first. ![]() ![]() When tracking risks, it’s important to evaluate their potential impact and how likely they are to occur. Understanding risks early in a project is critical, but continuing to be aware of logged risks and capturing new ones can be the difference between being prepared and being caught off-guard. If risks aren't captured, tracked, and planned for, they are more likely to sneak up on a project and impact project schedules and budgets.Īs projects move out of planning stages, actively monitoring for and tracking risks continues to be important. ![]() The effectiveness of risk management can be a critical factor in whether a project will be successful. Prepare the Organization for Implementation.Improve Project Prioritization and Portfolio Management.
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