#3 – INTELLIGENTLY ACCEPTING RESIDUAL RISK – WYNNLEE CRISP, PROJECTS@RISK

wynnlee-crisp pixEvery project is at some risk of failing to meet one or more of its fundamental objectives:  on-time completion, budget compliance, scope fulfillment, or quality.  Many of the threats to successful project delivery can be avoided, transferred, reduced, mitigated or prevented entirely.  The remaining threats have to be accepted or the project needs to be cancelled.  By intelligently accepting the right risks, even complex and risky projects can be successful.

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