ABSTRACT
Unexpected delays are always possible in projects, and learning to anticipate and deal with them is all part of risk management, which in turn is a part of project strategy. The first stage in risk management is to think about the risks that your project might suffer. A very comprehensive risk list can be made this way. No project manager could cope with every possible threat, so we need to classify each risk according to how seriously it might affect the project. The risk of the project manager being struck by lightning might be one in a million, but would be a serious risk setback to the project. The chart analyses possible causes of the risk event and then looks at the consequences. The characteristics of each risk are examined, but the risks are not ranked according to their possible degree of severity.
