Welcome to Project Management Questions!

You can ask any question on Project Management and you can rest assured that real Project Managers will answer your shortly!

When can a risk be ignored?

0
votes
When can risks be ignored in the project? Is it when the risk has a negligible impact on the course of the project (it cannot affect the scope, the cost, and the schedule of the project)?

Also, should ignored risks be mentioned anywhere in the risk management plan, or should they be "completely" ignored?
asked 5 years ago by anonymous

1 Answer

+1
vote
In my opinion as a project manager (other project managers may have other opinions), a risk can be ignored when its risk score is very low. In other words, its impact and its chances of occurrence are almost negligible.

Ignored risks should preferably be listed in the risk management plan, but their status should be ignored, and no contingency plans should be developed to mitigate these risks. Some project managers don't bother including ignored risks in the RMP at all.

Now let me give you an example of an ignored risk. You're working on an IT project in Nevada, there is a very slight risk that there will be heavy rain during the summer time (when the project is executed), and even if this happens then the impact will be very low because people can work from home. This risk can be ignored. (of course, there are better examples but this is what I had in mind).
answered 5 years ago by MaplePM (46,940 points)

Related questions

0
votes
1
answer
0
votes
1
answer
0
votes
1
answer
asked 5 years ago by anonymous
+1
vote
1
answer
asked 6 years ago by anonymous
© 2010 - 2012 Project Management Questions - All Rights Reserved