Project Management : Cost Variance

Every business project involves a certain amount of risk. In fact, business projects are by their very nature risks in their own right. Where the outcome cannot be predicted with 100% certainty, risk exists and cannot be ignored. However, it’s not to say that risk levels within any given project cannot be proactively controlled and managemed. Risk management refers to a collective set of processes performed to identify, analyse, classify and deal with risks, as and when they occur. In the world of project management, risk management ensures that the risks of the project as a whole don’t outweigh the potential benefits of its success.

This insightful tutorial has been designed for business owners, managers and anyone involved in project management at any level. Core topics covered include planning for risk management, considering roles and responsibilities, risk management policies, examining stakeholder tolerance, using a risk management template and many more besides. Study a breakdown of the effective risk management plan, explore SWOT analysis and learn how to effective categorise and control risk with confidence.