What is the connection between project management and risk management?

Project management and risk management are related and overlapping fields with different obligations. The first is the operation of three key factors in the project: Sources, Time and Quality. This includes mitigating threats for the project in any of the three factors. Project management mainly applies to one -off effort, while risk management may apply to one -off or ongoing activity. Project managers realize that they can sacrifice quality to fulfill the schedule, leave the schedule due to resource restrictions, or throw a budget for the production of a quality project. The project manager is constantly traded with these three aspects in play with rock paper. Risk management supports project management projects and attempts to circumvent either internal or external events that could endanger resources, availability of time or project quality. This usually includes the introduction of procedures for processing events in a standard and consistent way.

For example, risk managers introduce politicians concerning employees' qualifications to ensure that human resources are available, trained and able to perform the required task. These managers can also evaluate the financial resources of the project and record sources of alternative financing or predict the potential impact of various changes in the economy, government regulation or public perception. Risk management usually reports project management, but can be hired by investors, owners or others to audit project managers or provide independent project performance assessment.

Project management often performs technical people who have set out on the way to the top of the organization. Formal training in this area is often obtained through seminars, classes of executive education or ongoing educational courses. Risk management, if carried out for an ongoing organization, is more likely to be human resources in the area of ​​assessment and mitigationIK. Project management and risk management for one -off projects can be temporary tasks for participating experts. Alternatively, follow -up clients or tasks can be treated as individual projects and project management principles and risk management used for each case.

Risk management and risk management offer career challenges to candidates who are known in their fields who are capable of quick evaluation and decision -making and who can communicate clearly and effectively. These jobs are usually carried out by indirect lines of authority. Managers will communicate with purchase, production and other departments without direct response for any of these functions. Project managers and risks are usually reported at the peak of management. Diplomacy, the ability to motivate and the ability to communicate at multiple organizational levels is the key to success in project management and risk management.