Managing risk is an integral part of good management and is something many managers do already in one form or another. Sensitivity analysis or scenario planning for a project or economic appraisal are familiar examples, as are assessing the contingency allowance in a cost estimate or budget, buying insurance, revising contract provisions or undertaking community consultation during project planning.Wednesday, May 23, 2007
Risk Management Guideline
Managing risk is an integral part of good management and is something many managers do already in one form or another. Sensitivity analysis or scenario planning for a project or economic appraisal are familiar examples, as are assessing the contingency allowance in a cost estimate or budget, buying insurance, revising contract provisions or undertaking community consultation during project planning.