Description

Risk has always been a concern in the acquisition of capital assets. The acquisition process itself is designed, to a large degree, to allow risks to be controlled from conception to delivery of a system. Unfortunately, in the past, some project directors (PDs), project managers
(PMs), and decision-makers have viewed risk as something to be avoided. Any project that involved risk was subject to intense review and oversight. This attitude has changed. Managers recognize that risk is inherent in any project and that it is necessary to analyze future project events to identify potential risks and take measures to handle them.