Obstacles to Risk Management
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Four critical success factors are important for effective risk management: supportive organization; competent people; appropriate methods, tools, and techniques; and simple, scalable processes.
Determine three obstacles for an organization to manage risk effectively. From the perspective of a project manager, suggest strategies to avoid the obstacles.
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Solution Summary
This posting explains the common obstacles to risk management and how the project manager can address these.
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Three obstacles for an organization to manage risk effectively are the wrong measurement of known risks, failure to communicate risks to the top management, and breakdown in monitoring and managing risks.
From the perspective of the project manager the obstacle of the wrong measurement can be avoided by assessing the probability of ...
Education
- MBA, Indian Institute of Social Welfare and Business Management
- BSc, University of Calcutta
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