Can ERM Knowledge Be Applied To Managing Project Risk?
Risk permeates everything, and extends far beyond cost, affecting workers’ safety, the firm’s security in respect of its operating systems, even its governance and the effects of its operations on the environment. More companies are beginning to proactively apply ERM principles to the management of their risks, and are finding
Challenges In Project Risk Management: How To Overcome Them
Even the best laid plans can go wrong; there is never absolute certainty about the outcome of a project. Project risk management should be applied from the very beginning of a project for a variety of reasons. Every project is unique, even if they are undertaken by the same team,
Project Management VS Project Risk Management: Is There A Difference?
Project Management (PM) generally covers the management of the tools and resources, including talent, skills, techniques and knowledge, that a project requires. It involves the planning and management of all matters relating to the project in order that the project is successfully completed, or attains its stated objectives. Project managers
Relating Project Risk Management To Enterprise Risk Management
Every project is unique; no project is exactly like another, even if similar activities have to be undertaken to achieve their completion. In a dynamic business landscape, nothing stays the same. The project objectives may vary; the team undertaking it may have more or fewer members than the previous team;