Bus 377 Discussion - There are four critical success factors

Bus 377 Short Discussion Answer

There are four critical success factors that are important for effective risk management:

• A supportive organization.
• Competent people.
• Appropriate methods, tools, and techniques.
• Simple, scalable processes.

Determine—from the reading of the textbook—three obstacles (such as a risk-ignoring culture) for an organization to manage risk effectively. Suggest strategies from the perspective of a project manager to avoid the obstacles.