FixNix Blog

Project Risk Management – 10 Golden Rules

Sep 19, 2014 12:55:41 AM / by Shanmugavel Sankaran posted in fixnix, Governance, Risk Management, audit management, Blog, compliance, Project risk management, risk

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Risk is something we all encounter in our lives. Virtually every serious decision we make is based on a consideration of the risks involved in taking one course of action over another. Some people are more risk averse than others, but at some point we will be forced to take a risk of some sort. Pursuing a course of action without assessing the risks associated with it is, more often than not, a recipe for disaster but a calculated risk is often well worth taking. After all, little would be achieved in any walk of life if nobody ever took risks. The key to mitigating any risk factor and ensuring that it does not come back to make you regret your decision is to understand the likelihood of it becoming a hindrance and the threat it could pose if it does become an issue. Accounting for this will make the management of any risk significantly easier.

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