Risk management is a necessary ingredient in any project. Good project management will take into account potential risks in all areas of the project. Risk management is something that all projects need.
Risk analysis is a big subject in its own right. Risk assessment will cover not only commercial, financial and other business project activities but the potential damage to people, property and the environment.
Typical areas where risk will require assessment are:
Project based (resources, deliverables, outcomes, implementation, overall program)
Health and safety
Environmental effects
Property
Business / commercial / financial
Data
Security
Legal
Risk management is all about trying to address areas of uncertainty that may affect the project outcome. Uncertainty can express itself in varying ways e.g. range of costs, durations, differing pathways dependant on the outcome of certain assumptions and results.
At Quinton Mentor Systems Pvt. Ltd. our project management team has been through several years of experience in the project delivery life cycle and know how to identify risk and find remedy for them. If we don’t control risk factors, they will control us.
CMM Level
IEEE
RUP
ISO 9001:2001
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