Unfortunately, many people using risk management do not fully understand basic risk concepts and therefore utilize incorrect techniques in preparing and implementing risk management plans. The authors have reviewed and critiqued client risk management process and procedures, along with risk management plans for projects, and the same mistakes reoccur on a regular basis.

Based on these reviews, this paper will present the top 10 mistakes people make in dealing with project risks and how these mistakes greatly reduce the value of risk management. Both authors have also done numerous projects where risk management was successfully used, and this paper will also discuss effective risk techniques that should be used on all projects. If you think you know how to deal with project risks, read this paper to see if you are making any of these common errors. You may be surprised!

For more information on how PMCentersUSA can help your teams improve your practice in Project Management and Business Analysis, call us at 888-762-3683.