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Risk Management Control
November 8, 2008 | Author: PM Hut | Filed under: Risk Management, Risk Response & Control
Risk Management Control
By Michele Berrie, Queensland University of Technology
Risk Management Control is critical to the success of a project. Risks will definitely change as the project progresses. Risks unidentified at the time of the creation of the original Project Plan may appear, as well as new risks. As these risks change and other risks present themselves, the project manager should manage the situation, modify the Risk Management Plan and draw attention through the Review of Risks in the Project Status Report to the steering committee.
Queensland University of Technology (QUT) is a highly successful Australian university with an applied emphasis in courses and research. Based in the city of Brisbane with a global outlook, it has 40,000 students, including 6000 from overseas, (QUT Statistics) and an annual budget of more than AU$500 million. Courses are in high demand and its graduate employment rate is well above the national average for Australian universities.
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