What is Risk in program management?
Important aspect of risk assessment and management to think through
Effective program management necessitates a keen focus on both known and unknown risks and overall importance of identifying, tracking, and mitigating risks. These risks can significantly influence project execution and outcomes. Understanding how to identify, track, and mitigate these risks is crucial for the success of any program. Below, we will explore the significance of working with known risks and unknown risks separately and then summarize the differences, along with their pros and cons.
Summary of Differences, Pros, and Cons: