This article on Project Risk Management emphases the importance of maximizing the chances of project success and offering valuable expert tips on managing and reducing risk. Tres stresses the need to be vigilant regarding risks and the reality that “Things change”.
“At the early stages, risk management will help the team identify and understand the variable forces that will impact the project. It’s more important to understand the project’s sensitivity to each of these risks than it is to perfectly predict the exact timing or magnitude of the risk. If the risk could be predicted, after all, then it would not be a risk at all and would simply be added to the project plan. During project execution, it is important to re-evaluate the risk picture on a regular and ongoing basis. Things change.”