The project Management Institute found that projects with a sound risk process have:
- 15% higher success rate.
- 17% increase in cost efficiency
- 15% increase in schedule efficiency
90% of the project problems can be foreseen through institutionalizing sound project risk management techniques. Unfortunately, Project Risk Management has not got the attention and resource it deserves. Proactively identifying and controlling risk greatly improves compliance to Scope, Schedule and Budget as well as reduces the firefighting time. Project Risk Management is too important to ignore, it is a direct addition to bottom line of the company.