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Title: PROJECT RISK ITS ANALYSIS AND RISK MANAGEMENT

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Title:
PROJECT RISK ITS ANALYSIS AND RISK MANAGEMENT
Author Name:
Neha Gaba
Abstract:
The purpose of this paper is to highlight the main findings of a successfully that studied factors or interventions causing the discrepancy between how adequate project risks should be managed and how project risks are actually managed. An increasing number of companies are focusing their efforts on project management. Project management is frequently used as an enabler for meeting an uncertain and turbulent environment. The aim and final effects of project management are to predict the outcome, i.e. cost, time and quality. Managing risks is one of the most vital activities in project management in order to ensure project success. The purpose is to investigate the role of project ownership and see how a project owner actively taking part in a project may influence how the project manages risks. The ambitions of the project manager and the project owner are traditionally to some degree misaligned. While the project manager primarily focuses on operational risks and risks that will influence the success of the project completion, the project owner primarily focuses on risks that may influence the success of the operational project product.
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