Question: Risk management in project execution involves both planning and real-time adjustments. Consider a situation where a project faced an unforeseen risk that impacted budget, timeline,
Risk management in project execution involves both planning and real-time adjustments. Consider a situation where a project faced an unforeseen risk that impacted budget, timeline, or scope. If you had been responsible for managing that risk, what specific project control techniques (such as project metrics, variance analysis, or real-time monitoring tools) would you have applied? Additionally, how could a well-developed risk management plan have helped mitigate or prevent the issue?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
