Risk management is a frequently overlooked aspect of project management.

Question

Quizplus · Accepted Answer

Risk management is often seen as a secondary consideration in project management, but it is an essential part of ensuring project success. By identifying potential risks and assessing their likelihood and potential impact, project managers can develop plans to mitigate or manage those risks and minimize their impact on the project's timeline and budget. Failing to address these risks can lead to costly delays, unforeseen problems, and ultimately project failure.

Risk Management Is a Frequently Overlooked Aspect of Project Management