Transcription of Risk Management for Dummies – A Case Study
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Risk Management for Dummies – A Case Study
Paper presented at African Rhythm Project Management Conference 22 24 April 2002, Johannesburg, South Africa Hosted by: Project Management Institute of South Africa (PMISA): ISBN Number: 0-620-28853-1 RISK Management FOR Dummies A CASE Study Marie-Louise Barry Project Manager Radar, CSIR, Defencetek, P O Box 392, Pretoria, 0001, INTRODUCTION The first question that someone uninitiated in the joys of project Management might ask is, "What is risk Management and why is it required on projects?" The major task of any project manager is to ensure that a project finishes within the original budget, with the required scope of work and within the required timescales, and to ensure that throughout this process all the stakeholders, especially the client, are satisfied with the project results. Project risks can thus be defined as events which prevent the project from being completed within the original budget, scope and timescales or that make the stakeholders displeased.
RISK MANAGEMENT FOR DUMMIES – A CASE STUDY Marie-Louise Barry Project Manager Radar, CSIR, Defencetek, P O Box 392, Pretoria, 0001, mlbarry@csir.co.za INTRODUCTION The first question that someone uninitiated in the joys of project management might ask is, "What is
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