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Project-Level Risk

Considered one by one, the known risks on a project may seem relatively easy to deal with, overwhelming, or somewhere in between. Assessing risk at the activity level is necessary, but it is not sufficient; you also need to develop a sense of overall project risk. Overall project risk arises, in part, from all the aggregated activity-level risk data, but it also has a component that is more pervasive, coming from the project as a whole. High-level project risk assessment was discussed in Chapter 3, using methods that required only information available during initial project definition. Those high-level techniques—the risk framework, the risk complexity index, and the risk assessment grid—may also be reviewed and revised based on your project plans.


  

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