Proven Project Risk Management Techniques for Increased Project and Organizational Success 1

Management of medium to large complex procurement and integration projects is a difficult challenge. Project decisions at startup tend to focus on decisions on how to achieve near term goals and milestones. Risk management activities are often viewed by leadership as a project expense with little or no return and as a result are generally not properly implemented. The ability of the project manager to implement proven project risk management techniques will result in increased leadership credibility of the project manager in the eyes of the project team, peers and management along with improved probability of project and organizational success. Project risk management doesn’t have to be expensive or time consuming - the key is to keep the scale and cost of managing risks in proportion to the scale of the project itself and the types of risks that are presented.