APM Risk Management Process Essay Assignment Paper

The APM state that all projects are inherently risky, because they are unique, constrained, complex, based on assumptions and performed by people (2006, pg26) and so the consideration of effective risk management is vital for the successful management of projects.

There are processes by which risk can be managed, such as the APM Risk Management Process shown below:

Using the APM risk management process as a starting point, evaluate how the effective implementation of risk management processes throughout the project life cycle can aid in ensuring successful project delivery. Within your answer you should discuss the processes as a whole and the individual requirements of each process element, and critically evaluate the importance of effective management of project risks in relation to achieving corporate aims and objectives.

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