Discussions on mitigating risk continue as we explore the myth that risks should always be eliminated. Instead, risks should be evaluated and mitigation steps
For projects, managing its scope should be assessed from a risk perspective. The following examples should be considered:
• The risks that can arise if the scope is not well-defined
• Not managing scope once defined
• Unclear dependencies
• Tasks within the project are not considered and included within the scope definition
• Unclear definition of costs tied to a project’s scope
By clearly defining the scope of a project and then managing against that scope, risks can better be mitigated. Although, risks may or may not be completely eliminated, clearly defining and managing a project’s scope will reduce (mitigate) the related risks to the project.
Need help more clearly defining a project’s scope and managing the risk surrounding it? Contact Charlene Aldridge at 972.447.9787 or CharleneAldridge@aldridgekerr.com to discuss how we can assist you.
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