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Showing posts from June, 2023

Managing Risks With Time

Time is one of the most critical resources in any project. It determines the duration, cost, and quality of the project outcomes. However, time is also one of the most uncertain and unpredictable factors that can affect a project. Time risks are events or conditions that can cause delays, disruptions, or deviations from the planned schedule of a project. Time risks can have negative impacts on the project objectives, stakeholder satisfaction, and reputation of the project team. In this blog, we will explore some of the common sources of time risks, how to identify them, and how to prevent or mitigate them using effective risk management strategies. ## Sources of Time Risks Time risks can arise from various internal or external factors that influence the project schedule. Some of the common sources of time risks are: - **Scope changes**: Changes in the project scope can affect the time required to complete the project activities and deliverables. Scope changes can be caused