6 Benefits of Good Risk Management

risk management Sep 29, 2019
6 Benefits of Good Risk Management

Another tip from my new book, Risk Assessment Framework: Successfully Navigating Uncertainty, with publication planned for November. Watch for more details in October.

Following a robust and appropriately scaled risk management process provides important project benefits, including:

  1. Positive risks (opportunities) can have positive outcomes: for example, shortened schedules or effective resource utilization.
  2. Improved ability to anticipate changes and increase organizational agility.
  3. Improved ability of initiatives to deliver on strategy.
  4. Reduced expense of preventive actions and the need for reactive measures.
  5. Increased awareness of uncertainty while improving the predictability of project outcomes.
  6. Improved decision-making and resilience when unidentified events do occur.

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