Exam Tip
Risks may not always cost monies directly, but could affect the project schedule. Always think in a manner that such risk can cause a rise in project costs in the following way:
- Vendor commitment
- Penalties for lateness
- Added expenses with additional labor
Also consider that any delay in a project may harm the reputation of a Project Manager (or consultant involved) too.
About Mark Smith
I am passionate about reading. I love to read anything, whether it is an article, a blog post, an advertisement, a piece of old newspaper, anything. I am a full-time trainer and love to interact with people. I enjoy what I do and love the world.
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