RISK MANAGEMENT


Introduction

Risk
Information management & technology projects continue to become larger, more complicated and more difficult to manage.  The risks of project failure escalate in proportion to the complexity of the project. The discipline of risk management provides a method to identify any threats to the project, and designs strategies to increase the chances of a successful outcome. 

All current project management methodologies (and some business management methodologies) require some form of risk management process be undertaken.

Why Bother?
Organisations often make large investments in their information assets. Despite growing levels of professionalism, many projects fail to deliver the promised outcomes on time, or within budget.  Some of these failures are due to inadequate risk management. By exercising proper risk management controls, it is possible to increase the likelihood that the project will complete on time and budget, and realise the anticipated return on investment.

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