Tailoring considerations for risk management

Each project is unique, even if it doesn't feel that way much of the time. Due to this uniqueness, we need to make sure that as we tailor our project's processes and life cycles, we will also be considering how risk may impact each project individually. There are several items to consider while tailoring your project, as follows:

• The size of the project
• The complexity of the project
• How important the project is to the overall organizational significance
• The development approach we choose

All these are important for consideration and could very well impact our ability or lack thereof to manage project risks, whether they be threats or opportunities. Other factors relate to planning the scope of work. Will it be a predictive project, thus making it easier to look down the road for risks? Or, will it be an Agile approach, where the result may be unclear, rendering our risk assessments a bit foggy? The higher...