
Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
Studies show most projects fail due to poor management of known risks. The known risks on a project are:
- Scope
- Schedule.
- Cost.
- Quality.
The question is how do we manage known risks better? Known risks can be significantly mitigated with application of basic Project Management methods and processes.
This article will address scope. The other known risks will be addressed in separate articles.