Curbing risks in complicated projects

Too many companies are geared toward fixing problems rather than preventing them. Risks crop up throughout a project's life cycle. They affect cost, financial performance, scheduling, technical feasibility, and a range of other factors. The impact of the unanticipated is usually greatest in complex projects, which may entail wide-ranging collaboration and delicately timed market rollouts. This study found, however, that managers are too focused on fixing problems after they've already occurred, and they largely ignore the root causes of risk, which, if allowed to fester, can deeply damage or even derail a complex project ... READ MORE

Note: Free subscription may be required

Released by strategy + business - April 2013