The Project Life Cycle: Uncertainty and Risk Management

Case Solution

Jaume Ribera
IESE ()

One of the ways to examine how projects are managed is to review the various stages throughout the project life cycle. In a previous note we examined how to plan the project, while in this note we showed how to incorporate uncertainty and risk into the plan. This results in the inclusion of buffers (of time, budget and resources) and the creation of emergency plans in the project.

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