Practical sheet | REF: FIC0925 V1

Specificities of project risk management

Author: Jean-Pierre PAYRE

Publication date: February 10, 2023 | Lire en français

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1. Understanding project risk management

Project risk management can be broken down into analysis, decision-making and capitalization processes.

These processes are common to all the standards, except for a few words. However, project risk management differs from industrial and environmental risk management.

  • By its dual orientation: positive risk (opportunity) or negative risk. There can be no project without risk-taking: disruptions are inevitable, as are changes.

  • A clear focus on service to project management, resulting in minimal additional bureaucracy, because MRP is not an end in itself.

  • The focus is more managerial (planning, profitability, added value, improvement of project trajectories) than technical (chain of causalities, description of phenomena leading to damage). The project...

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