PROJECT RISK MANAGEMENT

Over time risk management has developed and within diverse sectors to meet diverse needs. In recent years all sectors of the economy have focused attention on risk management as a key element in ensuring the success of achieving the objectives of projects. Risk management is attempting to identify and then manage threats that could severely impact. Generally, this involves reviewing operations, identifying potential threats and the likelihood of their occurrence. and then taking appropriate actions to address the most likely threats. Money invested in reducing risk in the early stages of a project is money well invested Any risks incurred during the project have to be diagnosed, and fixed The risk monitoring follows risks identified while ensuring the execution of plans and examination of their effectiveness. Those who take decisions will need to know: if and when there is a significant risk attributes, and the effectiveness of mitigation plans, considering all the time need and constraints of the project. The goal is to understand more clearly which statutes is the real risk and mitigation plan and take, in consequence, the best decision.