Page 11 - IT Project Management Framework - Execution and Control
P. 11

Track and Manage Project Risks and Issues

               • Risk management, is an essential part of the IT Project Management Lifecycle.

               • Managing risks appropriately ensures that your project will stay on track and on budget.
               • In the Planning phase, a Risk Management Plan was developed.

               • This phase focuses on executing the resolution and mitigation strategies planned, monitoring the

                  project for the occurrences of risks, and to keep updating the Risk Register by including any newly
                  identified risks.

               • Besides, organize, maintain and track the issues arise during project execution. Ensure that each
                  issue is resolved without much impact to the project’s performance.

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