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Risk Management in projects (Sources (Uncertainty in financial markets,…
Risk Management in projects
Process
Identification
Evaluation
Prioritization
Sources
Uncertainty in financial markets
Threats from project failures
Legal liabilities
Credit risk
Health and safety
Safer environment
Employee satisfaction
Reduce business liability
Timely delivery
More profit chances
Organizational learning
Ready for future
Act more confidently
More options explored
Fewer surprises
Spot concern earlier
Timely intervention
Prompt remedial steps
Communication is elevated
Internal Risk communications
Cohesion to decisions
External risk communications
Escalation
Assessed by right people
Dealt in timely manner
Early action taken
Supplier satisfaction
Future endeavors
Trust is maintained
Toolbox talk
Safety meetings
Prevention from complacent
Facilitate health and safety discussions
Frame regulatory
Greater insight
Insurance
indemnity
Liability issues
Budget rely less on guesswork
Accurate estimation
Schedule planning
Cost planning