Managing Project Risk at Luxor Technologies: A Case Study (MANCOSA COLLEGE)

using these major errors in project risk management,

1. Greatest risks are often overlooked

2. Inappropriate attention given to one risk over another

3. Risk ID - most critical step in risk management - poorly done

4. Risks identified general & not specific in nature

5. Contracts usually signed off before project risks discussed

6. No support for risk management from management & other stakeholders

7. No lessons learnt report is generated,

advise the company how they could have embraced the common errors in project risk management with the view of mitigating project risks (25 marks)