What is Overall Project Risk?
Overall risk is not just adding up the individual risks identified within the project.
Because there are different sources of uncertainty that could affect the whole project not just the individual risks within the project.
Overall project risk is an uncertainty that would affect the whole project.
Some of the individual risks within the project could affect the whole project and they can contribute to overall project risk. But there are other things which are not risks within the project which would include context, the organizational context, the program within which this project sits, the environment that we're delivering our results into, the culture of our own organization under the client organization. So there are many things which are outside the project which contribute to uncertainty of the project as a whole in addition to the risky things within the project that the project manager has to manage through the risk register.
Sources of Overall Project Risk:
Unrealistic deadlines
Project size - larger the project size larger is the overall project risk.
Overall project-level risk factors include:
Inexperience of Project Manager
Weak sponsorship
Regulatory issues
Ineffective project decomposition resulting in inefficient workflow
Overall risk is not just adding up the individual risks identified within the project.
Because there are different sources of uncertainty that could affect the whole project not just the individual risks within the project.
Overall project risk is an uncertainty that would affect the whole project.
Some of the individual risks within the project could affect the whole project and they can contribute to overall project risk. But there are other things which are not risks within the project which would include context, the organizational context, the program within which this project sits, the environment that we're delivering our results into, the culture of our own organization under the client organization. So there are many things which are outside the project which contribute to uncertainty of the project as a whole in addition to the risky things within the project that the project manager has to manage through the risk register.
Sources of Overall Project Risk:
Unrealistic deadlines
Project size - larger the project size larger is the overall project risk.
Overall project-level risk factors include:
Inexperience of Project Manager
Weak sponsorship
Regulatory issues
Ineffective project decomposition resulting in inefficient workflow
