Does your organization see every opportunity as a “must-win” project, even when it’s a poor fit for your in-house talents? If so, this is one of several viewpoints that can blind your company to potential problems ahead. In Part 1 of this series, we explored how to recognize six common project traps. Now in Part 2, we’ll review 10 major mistakes to avoid (or risks to flag) when choosing, estimating, and staffing your projects.
Handling risks in a project can be difficult when risks are not properly managed during a project life cycle. Not knowing what could happen is a serious problem when trying to plan and execute a project. Therefore, a project manager should have a firm understanding of the potential risks and execute a strong Risk Management Strategy. The two components of risk is the probability and the impact of an event on the project.
Famous risk takers do not come much bigger than Trump