Project Management Risk

Project Management Risk - The threats and opportunities associated with an organization's process and practice of developing and managing major projects in support of its overall mandate, as well as risks associated with specific projects that may require ongoing management. This includes negative outcomes stemming from an organization's inability to effectively plan, execute, and control its projects or initiatives. Causes can include poor project planning, inadequate resource allocation, scope creep, or ineffective communication. And this risk can potentially lead to delays, cost overruns, unmet objectives, or diminished quality, ultimately impacting the organization's overall performance, reputation, and success.

Class Information

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Identification

Label (rdfs)
Project Management Risk
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Definition and Examples

Definition
The threats and opportunities associated with an organization's process and practice of developing and managing major projects in support of its overall mandate, as well as risks associated with specific projects that may require ongoing management. This includes negative outcomes stemming from an organization's inability to effectively plan, execute, and control its projects or initiatives. Causes can include poor project planning, inadequate resource allocation, scope creep, or ineffective communication. And this risk can potentially lead to delays, cost overruns, unmet objectives, or diminished quality, ultimately impacting the organization's overall performance, reputation, and success.
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Is Defined By
https://www.canada.ca/en/treasury-board-secretariat/corporate/risk-management/taxonomies.html
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Additional Information

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Deprecated
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