The Importance Of Risk Management In Project Management

Risk is an integral part of project management. It is therefore essential to put in place a risk management plan from the very beginning of the project's launch. One important origin of the risk management is the planning. The planning requires assessing the main risks and opportunities that may arise over the life cycle of the project in order to predict their impacts and to define appropriate strategies to minimize negative consequences and maximize opportunities. It is important to focus attention on risk management in most projects in order to achieve project objectives under predetermined conditions (Liu, 2013).

This makes it possible to identify, prevent and limit these risks by anticipating their treatment through the implementation of preventive and corrective actions. It is an essential phase that will minimize the waste of time and money, and will prepare the project manager to

In order to image the management of a project by the risks, it will not be necessary, in spite of everything, to neglect the other risks detected. The entire Project team is sensitive to these events that hinder the smooth running of this project, which is why it particularly appreciates the role of the person in charge of risk monitoring, whose mission is to monitor and correct each project defined risk, in order to limit its criticality, and thus allow the project team to focus on its tasks to achieve the project objectives.

Depending on the size of the projects, this risk monitoring can be carried out directly by the project manager, but in any case, he remains the person in charge and the guarantor of the follow-up of these risks and the associated prevention plan. He is the leader and federator of his