Learning objectives - Video Tutorials & Practice Problems
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<v ->Undertaking a new project is a risky proposition.</v> Your organization is risking money, resources, and time on a calculated gamble that the payoff from the project will lead to clear benefits. One way we can better manage our projects is by taking a careful look at these risks, early, when we can do something about them. Risk management may involve eliminating risks, or it may mean learning to live with risks we cannot fully control. Either way, the better we understand how to be proactive in identifying risks, the better we will be at keeping these challenges from derailing our projects later on when delays can be infinitely more expensive.