Project risk management is the 'radar' that enables your business to avoid obstacles, show-stoppers and major disasters!
Risk management is a well-recognised set of tools and methods that enables you to systematically identify project risks and then to respond appropriately. Responding to risks may mean reducing the chances that a specific risk will turn into an Issue that would hurt your project. It may mean putting recovery plans in place so that you can deal with outcomes effectively when risks do turn into real problems.
A planned and controlled approach to project risk is an essential tool for modern programme and project management. The methods of project risk management are a hugely important capability both for individual project managers and also the organisations within which they work.
Developing skills, knowledge and organisational processes in this area is likely to have a significant return on investment (ROI) for any organisation that runs projects either internally or for their customers.