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 Just-in-Time JIT Development  Just-in-Time JIT Development   Project Risks   Project Risks

Risk Analysis, Risk Assessment and Risk Management are terms used often but they are also often interchanged randomly and haphazardly. Risk Analysis involves Risk Definition and Risk Identification. Risk Definition is the definition of the risk and the process that brings about the risk. Risk Identification is the description of the threats or hazards that brings about the risk. Risk Assessment involves Risk Analysis coupled by Risk Estimation.

Risk Estimation is the evaluation of the probability that the risk event will occur and how significant the outcomes are. Risk Management involves Risk Assessment coupled with active review and follow-up of the risks. It is risk management we will perform as part of the Toolkit and we will define, describe, estimate, review and follow-up on the risks. So Let us look at how we manage risks.

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 Just-in-Time JIT Development     Just-in-Time JIT Development   Project Risks    Project Risks



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