Who you hire, what they contribute and how much you pay for them are all crucial to making the most of what they have to offer. Coordination Sure, you can walk and chew gum at the same time, but when it comes to managing complex projects with dozens of team members and hundreds of tasks, you're going to need some high-level coordination. Running a team and keeping everyone on the same page and on the same schedule is always a challenge. It's also what separates the superior projects from the merely functional ones. Risk Your organization allocates resources and places capital at risk to pursue ventures and goals that are far from certain.
Risk management is about optimizing the process with which risks are taken.
It has become a critical issue because organizations have recently suffered spectacular losses from risks they never should have taken in the first place. Scope You can't plan and manage your project properly unless you know exactly what you'll be doing and what you won't. Assemble the project team and build a clear statement of the project goal. State the project's purpose, and reference the business goals. Sponsorship Your project's success depends on its sponsor.