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:

    Music is so much a part of their daily lives that if an Indian visits another reservation one of the first questions asked on his return is: “What new songs did you learn?”
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    The amount of it is, if a man is alive, there is always danger that he may die, though the danger must be allowed to be less in proportion as he is dead-and-alive to begin with. A man sits as many risks as he runs.
    Henry David Thoreau (1817–1862)