Systemic Risk - Project Risks

Project Risks

In the fields of project management and cost engineering, systemic risks include those risks that are not unique to a particular project and are not readily manageable by a project team at a given point in time. These risks may be driven by the nature of a company's project system (e.g., funding projects before the scope is defined), capabilities, or culture. They may also be driven by the level of technology in a project or the complexity of a project's scope or execution strategy.

Read more about this topic:  Systemic Risk

Famous quotes containing the words project and/or risks:

    If we should swap a good library for a second-rate stump speech and not ask for boot, it would be thoroughly in tune with our hearts. For deep within each of us lies politics. It is our football, baseball, and tennis rolled into one. We enjoy it; we will hitch up and drive for miles in order to hear and applaud the vitriolic phrases of a candidate we have already reckoned we’ll vote against.
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    There are risks which are not acceptable: the destruction of humanity is one of them.
    Friedrich Dürrenmatt (1921–1990)