How to Select the Best Risk Management Techniques for Different Projects

Abstract

From its inception, project management has received a lot of attention from companies. Researchers have found that risk management has an important impact on project management, however, the current scope of risk management research is relatively narrow, and there are still research gaps for the various risks encountered in projects. Therefore, the research theme of this paper is to study the risk management approach to various risks. The research methodology of this paper is as follows: first, we collect data on the impact of risks on the project, then we analyze the data and propose solutions. This paper identifies three possible risks in projects and finds ways to address them. The first is a high-cost risk, for which this paper proposes three solutions. The second is the risk of quality, which can be eliminated by quality risk management. The third is the risk of schedule. The manager should redesign the project duration. This paper provides a new way of thinking that will help future researchers broaden the scope of their research.