They are accountable to come up with ways to mitigate risks or have action plans should some of these fructify.Ī project manager should always start their risk management planning process with the question – What can go wrong in this project? So, it becomes the job of project managers to exercise due diligence, build on the wisdom they carry or rely on others to analyze the risks involved with any project. A seemingly gentle tread into unknown waters, can be fraught with uncertainties and often contains probabilities of unforeseen situations and events taking place- aka risks.
Whenever starting a new venture, or embarking on a new project, the risk is an inherent part of the process.
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