Risk Management, 5th Edition

6

Risk Practice Methodology

Organizational risk practices are frequently perceived as ad hoc phenomena, created on a project-by-project or on a project manager-by-project manager basis. Nothing could be further from the truth. Organizational risk practices are those that are consistent and work to ensure that

• Risk management is applied

• Risk management is applied to consistent levels of depth

• Risk management is applied by taking advantage of organizational best practices

Although each project’s risks are different (due to the unique nature of projects), a risk management methodology ensures a measure of consistency. Application depends on the project itself, but a sound methodology will encourage some deployment consistency. That consistency ...