How does applying a Risk Breakdown Structure Help with Risk Management?
A good project manager should be able to manage the risks of a project effectively and keep the project on track. Easier said than done, right? A risk breakdown structure approach is used across the globe as a helpful tool for achieving this. Basically a risk breakdown structure creates a hierarchical overview of all identified risks in a project. Not only does it create a hierarchical overview, you will also have a logical bundling or categorization of the types of risks you expect to encounter during the lifecycle of a…read more