The primary goal of risk management is to identify, assess, and mitigate risks to ensure the project is completed safely, on time, and within budget.
Brainstorming sessions involve key stakeholders and team members to identify potential risks based on their experiences and knowledge.
A contingency plan provides a predetermined response to potential risks, helping to minimize disruptions and maintain project continuity.
Insurance helps manage financial risks by providing coverage for specific events, such as accidents, natural disasters, or equipment damage.
Continuous risk assessments are crucial to identify and address new risks as the project progresses and circumstances change.
