![]() ![]() The best place to start is by creating a risk management plan to steer your team and organization in the right direction throughout the course of the project. Taking a risk-based approach to new projects means thinking about the implications of any new project on all other areas of your organization. Expanding or reducing service to a particular industry.Developing or discontinuing a product or service.Some common examples of projects an organization may take on include: We’ve come to know these temporary initiatives with distinct deliverables as “projects.” In order for your business to succeed, it’s important to continuously evolve – and there are always ways to improve and expand your business. Depending on what you’re working on at your business, you are up against a unique variety of potential risks. Risk management is all about planning: planning for what might go wrong if x happens planning y as a reaction for when something does, in fact, go wrong.
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