DB

Project risk management has had low visibility. Therefore, many organizations have not given it the due importance. It is important to understand that good risk management is a worthy investment because it will increase the chance of project success and reduce the stress on the project team. Organizations that become good at handling risk will gain in confidence and consequently will increase in risk appetite. Risk seeking organizations with greater risk appetites have a higher chance of defining the future and a greater opportunity to achieve their goals if they are good at managing the risk.

Discuss the following topics in your initial post about identifying project risks and the strategies to handle them.

•Detail the use of a risk response strategy you have experienced or read about.

•Give an example of any team that took risks and explain the outcome.