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This guidance is about managing risk in a change management environment. The concepts and principles are the same as for general risk management practice. The pace, focus and how it is used are slightly different.
Effective risk management is a fundamental element to any project management approach. Successful project management needs to both actively manage and consciously tolerate a mixture of uncertainty, complexity and ambiguity. At Brookes we advocate a proactive approach to Risk Management for projects that is designed to provide the greatest support to smooth delivery during implementation phases.
The APM Project Risk Analysis and Management Guide (PRAM Guide)
defines a risk as,
“A risk event
is an uncertain event or set of circumstances that, should it occur, will have
an effect on achievement of one or more of the project’s objectives”
The APM defines risk management as,
“A process that
allows individual risk events and overall risk to be understood and managed
proactively, optimising success by minimising threats and maximising
In the project environment Risk Management is focused on the threats and opportunities to delivery of the project outputs and outcomes.
What is it that may help or hinder delivery of these on time, within budget and to the functional and quality standards agreed?
By assessing this early in the life of the project the Project Manager achieves a number of things, all of which are critical to keeping the project on-track: