'Do not be lazy' with risk management

Project planning managers should take time to manage risks ahead of time, an industry commentator has asserted. 

Writing in a blog on ZDNet.com and citing a post in Baseline magazine, Michael Krigsman makes his point by using the example of a supply chain.

He explains that if a firm required a large amount of products to be delivered simultaneously, it is not sufficient to know what the risk is if the vendor fails to deliver the products - the risk must be managed. 

"It's time to manage the risk by deciding ahead of time that, as reliable as your vendor has been in the past, there's little margin for error," he notes.

As such, he notes that choosing to split such as delivery contract between with two or three vendors may be more complicated in the short term, but that it could save the project should one supplier fail to deliver as a proportion of the goods will arrive

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