ABSTRACT
Organizational risk practices are frequently perceived as ad hoc phenomena, created on a project-by-project or on a project managerby-project manager basis. Nothing could be further from the truth. Organizational risk practices are those that are consistent and work to ensure that
Risk management is applied Risk management is applied to consistent levels of depth Risk management is applied by taking advantage of organiza-
tional best practices
Although each project’s risks are different (due to the unique nature of projects), a risk management methodology ensures a measure of consistency. Application depends on the project itself, but a sound methodology will encourage some deployment consistency. That consistency should also promote long-term knowledge transfer across projects.
