Practical Project Risk Management, Third Edition, 3rd Edition

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ATOM for Small Projects

Everyone involved with projects agrees that they are risky endeavors subject to a wide range of sources of uncertainty. If all projects are risky, it follows that all projects need risk management, at least to some degree. However, it is also abundantly clear that not all projects are the same, either in scope or in risk exposure. The risk level is vastly different for a project to move an office and for a project to launch a space shuttle. So, although all projects need to address risk management somehow, the level of treatment can and should vary.

Although risk management can be undertaken at a variety of levels, the standard risk process still applies to every project, because there is always a need to clarify scope ...