On small projects, in fact, risk analysis can often be spread throughout many similar projects which incur the same risks, thereby reducing the cost of risk management activities per project.
But I would argue that if risk management is a priority on megaprojects it would have a corresponding positive effect on small projects.Īctually, megaprojects have entire teams devoted to risk management, and PMI’s RMP certification recognizes an entire profession around it. Compounding the problem is that small projects just don’t seem to have the time and budget to justify the time spent on risk management. Because you can’t see its results in a direct way, project risk analysis is too often sacrificed by project managers in the name of time or budget constraints.
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