Risk Management Versus Crisis Management Explained
Face it, there’s always the possibility that your project will encounter a problem. A key vendor may be late in delivering a key piece of equipment, or your craft labor supplier may get tied up on another job, setting your activity timeline back unexpectedly. Achieving success in spite of the challenges isn’t so much about what sort of difficulties your team encounters—it’s about how you deal with those problems. Your response will either enable you to overcome the situation and continue driving the project to a timely completion, or it will cause you to fall behind, cut back on quality, or increase expenditures as you scramble to stay on track.