why is risk management important in project management?

QuestionsCategory: Questionswhy is risk management important in project management?
afaq jafri asked 7 months ago

why is risk management important in project management

1 Answers
Aftab Alam answered 7 months ago

What is Project Management?
Production management means planning, organizing, directing and controlling  of products or services, this whole process of managing production is called the Production Management.
What is Risk Management?
Risk Management is a process of identifying the threat or risk that may affect investment the money in the projects.
Importance of Risk Management

  • Risk Management helps to identify risk.
  • Risk Management helps in Growth and Development of Business.
  • Risk Management Improve Goodwill.
  • Risk Management Improve Performance of Employees.
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