RISK IN THE IT PROJECT ENVIRONMENT:
a) When looking at risks in the project environment, why are we concerned with the impact and probability of a potential risk event?
b) How could you sort through a long list of risks in a project so that focus is placed on the most important one(s)? When is the best time to assess potential risks in a project AND at what frequency?
c) When is risk generally highest in a project - why?
d) Why is it important to identify and diligently watch for risk "triggers" in the IT project environment? Please define a risk "trigger" first when answering this question.