Managing Risks in Project Business

Organisations that exclusively use projects to deliver value to their stakeholders face a broad risk challenge requiring more than a routine risk process can offer. In this wide-ranging discussion, David Hillson & Oliver Lehmann explore additional approaches that project businesses can use, including explicit management of legal and contractual risk, as well as supply chain and interface risk.

[@muskduh]

Thanks for the video.

[@Risk-Doctor]

You are welcome!

[@tridibroy1891]

Where should we capture the project business risk. Can I include it as a part of Business case

[@Risk-Doctor]

Yes, but... Project business risks should be identified as part of your business case development, including both threats and opportunities, along with assumptions, constraints, dependencies etc. All this should be recorded as part of the business case. But you also need to keep your risk assessment up to date as things proceed. So existing project business risks must be reviewed and updated, some will be closed and new risks will be identified. This should be recorded in the Business Risk Register, and reviewed on a regular basis.