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It is often impossible to get rid of them completely, which is why it is important to establish your own risk tolerance at the project planning stage. It is important to distinguish the concept of risk from the concept of uncertainty. Risk refers to the measurable aspect of uncertainty, mainly characterized by potential loss. Uncertainty, understood as an unmeasurable aspect of uncertainty, may be associated with potential business benefits. Risks in projects and for various reasons. These may include risks related to, among others: product, using new technologies, using design methods, protection of intellectual property, organizational culture, competences of the project manager.
In order to counteract the potential negative effects of the above-mentioned risks, a risk management plan should be prepared. Planning responses to project risks As we mentioned earlier, risk often cannot be completely eliminated, but there are certain strategies to reduce photo retouching the risk. These are among others: risk avoidance, transfer of risk (risk transfer), risk mitigation, risk acceptance. In order to apply these strategies, it is important to correctly identify threats in advance and assess and audit the potential effects of the risk. It is also important to monitor the effects of the selected method after making a decision on how to deal with a given risk.
Responsible risk management and planning of the risk management process are important due to the fact that they can ensure project savings and achieve project goals faster and less prone to problems. The project manager, as the person responsible for the project implementation process and risk control, should use all tools supporting project risk management and his experience from other projects in order to minimize threats to the enterprise. Their tasks include, among others, conducting risk analysis, monitoring threats, identifying threats, responding to threats, identifying risk factors, assessing risk in the project, planning risk management, all necessary risk management activities, skillful risk management, possible change of the risk management plan, etc.
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