Monday, August 10, 2009

Project Management - Managing Risk

Project Management - Managing Risk: "What is a Risk?
Risk means uncertainty or chances of bad consequences. In other words, risk is possibility of loss, injury or destruction. It is always in negative sense. Its opposite is certainty, surety and safety.
In all businesses, risk is inevitable. In project management, there is a risk even before implementation, more risk while project is being implemented and still more when the project goes on steam such as no demand for the products or bad debts or bad-employees passing information to the competitors."

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