Even a well-planned project can encounter uncertain and unexpected problems and issues, an uncertain event and condition that have a negative or positive effect on the objectives of the project is a project risk, thus it can be either negative risk or positive risk. Adding up, the conditions and the problems occur in the project that can hamper the success of the project is a negative risk while risks that result in, good aspect for the project or the opportunities is the positive risk (CSUGlobal, 2018). Risks are uncertain even in the planning phase of the project and there are certain methods to handle a risk and the methods include avoid, mitigate, transfer and accept according to the nature of the …show more content…
Similarly, the new project of the organization also has the various risks having a negative and positive effect on the project and the users. The objective of this paper is to familiarize with five potential risk associated with the new system and suggested strategies for addressing those risks.
References
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DBP Management. (2014, July 04). 5 Ways to manage risk. Retrieved from DBPmanagement: http://www.dbpmanagement.com/15/5-ways-to-manage-risk
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Marsh Ltd. (2018). Environmental Risks in Infrastructure Projects. Retrieved from Marsh Ltd: https://www.marsh.com/uk/insights/research/environmental-risks-in-infrastructure-projects.html
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