How do you safeguard the project from risk when a customer skips risk management?

Expert Solution

There can be many risks when customers skip risk management, and the following are the ways to safeguard the project:

-the crucial step is to identify the risk that are likely to affect the plan. For example, the manager can identified risk through different divisions like supplies quality check, material check, customer feedback, demand.

-identify opportunity: there are possibilities when a risk can turn out to be an opportunity. The opportunity must be used correctly, which helps the manager to anticipate and plan accordingly.

-determine the likelihood and impact of risk on the project. For example, the chance that is identified can be a scale from 1-5 and work on it.

-the manager should focus on the risk that has the highest potential impact on the sales and answer the lower impact risk by asking why it occurs.

-estimate the cost for risks and assign the employees to look after each possible threat that is likely to occur. It will help in keeping a balance when a customer might skip risk management.

keosha answered 1 year ago

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