Risk Mitigation

Risk mitigatio

To ensure that this project will not overrun the set budget, there is a need to plan properly before the project starts. Planning will minimize the risk of the project extending its set budget Glickman & Khamooshi, 2005.

Risk management is vital for this project as it identifies any problems that might occur as the project is ongoing. Identifying potential problems allows the project managers to be prepared for any eventuality. Having a laid out plan in terms of the potential risks would also ensure that when those risks occur all stakeholders are prepared, and they know how to handle the risk Royer, 2001.

Majority of projects fall behind schedule, and this is very risky for any project. A project that fails to maintain its timeline would result in increased costs and resources would be strained.

The towers that need to be upgraded would demand that...
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