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Project Manager, Unforeseen Risks and Planning

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1. Today's organizations must recognize that the profile of enterprise-level projects requires examination of new and different risk factors. How should the project manager expand for the enterprise-level project and plan for these factors accordingly?

2. Based on the specific tasks required by specific projects, it is often easy to anticipate certain risks. How can a project manager plan for unforeseen risks? Should time and effort be spent on such planning?

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Project manager, unforeseen risks and planning

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1.Today's organizations must recognize that the profile of enterprise-level projects requires examination of new and different risk factors. How should the project manager expand for the enterprise-level project and plan for these factors accordingly?

Project managers can really minimize the adverse effects of risk factors which may occur during the course of the project by planning well in advance to encounter such risks.. While risk management alone will not guarantee a successful project, it plays a key role through early detection and correction of conditions that would, if left unchanged, inhibit success. In today's fast and dynamic business environment, new and unforeseen events appear suddenly and can cause significant damage to project's course of action. To save the projects from these adverse effects, project managers are increasingly using modern tools and ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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