Page 22 - IT Project Management Framework - Identification
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Poor Example: Project Risks
“Inaccurate cost estimate”
• This is only a statement, or perhaps something that had happened or happening.
• A risk must identify the uncertainty that lead to the risk.
“The project may run out of budget”
•This is again a statement that describes a possible project outcome. It doesn’t describe any risk.
• By reading this statement we have no idea under what circumstance the project would run out of
budget.
• No one can derive meaning action or make any decision just by reading this statement.
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