Planning An Important Risk

Risks are very important in our daily lives and in our workplace, where they are much more important. To minimize the risk of a project being implemented in the organization, it is a must to have Project Risk Management. Project risk management is a process used by managers to identify risks, mitigate their negative effects, and capitalize on the positive aspects of those risks in the future (Toolshero).

For some people, project risk management is perceived as a waste of time, and for them to understand that it is important, we must take some actions. We must understand how the possible risks would affect the operations, the cost of those effects, and the time that would be wasted if such risks happened. Through proper communication, seminars, and training, the significance of project risk management will be appreciated better by everyone. Another way is to let others know that it is better to be prepared than sorry. Make them understand that the risks can affect their jobs, or worse, possibly lose them. On the other hand, the positive implications of other risks, if properly handled, can benefit the organization and improve the benefits of the employees.

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Lastly, let’s take inspiration from Murphy’s Law, which states, "If anything can go wrong, it will go wrong." Most risks happen at times we don’t expect. It is very important that we prepare an alternative or solution when those risks arise.