Risk management fundamentals

After reading this article you will..

• Understand that the purpose of project risk management is to be prepared for upcoming project activities and for their related risks
• Understand that the well-functioning risk management is an efficient tool for avoidance of later problems and preservation of financial risk reservations
• Know that it is not important how the risks are registered or simulated; the main point is to plan the mitigation actions for the identified critical risks, control that the agreed actions are timely executed and continuously search for new potential risks