- Does a project with an effective risk management process in place have any more or less risks then a project without? no.....
- Does the cost assoc. with risk management provide for greater project value? no.....(it may reduce project cost OR identify what the project costs will be)
Effective Risk Management is when:
(risk management costs) + (mitigation plan costs) + (costs of risks that have impacted) < (costs that would have impacted without risk management and mitigation plan costs)....I think