The state of the art of risk management in projects

Journal article


Rye, S. (2023). The state of the art of risk management in projects. Project Journal. Spring, p. 12.
AuthorsRye, S.
Abstract

Project Risk Management helps with achieving project objectives, especially those concerning cost and time. APM defines a project risk as ‘an uncertain event or set of circumstances that would, if it occurred, have an effect on the achievement of one or many [project] objectives’. Risks can be either threats that hurt the project objectives, or opportunities that benefit the project objectives. Over time, project professionals have expressed concern with the idea that risks can be ‘positive’, since it does not align with thinking in the non-project world, where risks are always negative. There is also a feeling that opportunities are often not identified, and if identified, treated differently from threats.

Year2023
JournalProject Journal
Journal citationSpring, p. 12
PublisherAssociation for Project Management
Web address (URL)https://www.apm.org.uk/v2/media/uxsllovr/apm-project-spring-23-compressed.pdf
Publication dates
Print16 Mar 2023
Publication process dates
Deposited14 Mar 2023
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https://openresearch.lsbu.ac.uk/item/93747

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