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Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow Blog

For example, the aerospace and defense industry is associated with the following risks: Volatility in the geopolitical and economic environment, Competition in the domestic and international markets, Exposure to cyber risks, and others. Speaking of the industry-related ones, risks can be unique or common across industries.

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How to Create an Effective Probability and Impact Matrix

Project Pulse Journal

Leverage the Lessons Learned from past projects for potential occurrences and historical data. Artificial Intelligence should be used to identify any gaps or seams between the risks identified and the project objectives. - Use checklists or previous project outcomes. Remember, forewarned is forearmed.