Executive Summary (This is a document excerpt)

Experienced IT project managers know about risk management. As one of the nine knowledge areas in the Project Management Body of Knowledge (PMBOK), it's considered as important as scope, quality, and cost management. But even senior project managers can neglect the practice of planning for and managing risks early and often throughout the project life cycle, seeing it as unnecessary or too time-consuming. By doing so, they put their teams into fire-fighting mode and jeopardize project outcomes. Strong project managers view risk management as an important tool that enables them to see the road ahead and remove molehills before they become mountains. Risk-focused project managers ensure that their teams practice continuous, iterative risk planning and management. They act quickly when risks escalate, and they use risk to drive work prioritization. When embraced fully, project risk management is a project manager's — and an organization's — best friend.

Buy Risk-Free

Download and print PDF immediately. Price: US $499

Our Money-Back Guarantee: If you are not completely satisfied, return it for a full refund within three weeks of your online purchase.

Already a Forrester Client?
Log in to read this document.