11.0 Project Risk Mgt.
Some of the factors that should be considered when tailoring risk management practices are project size, complexity, and importance. A project’s size in terms of budget, schedule, or duration will give good reason to plan risk management to the uniqueness of the project. Project complexity can be greater on projects with high levels of innovation or significant technology interfaces. While all projects are important or they would not be undertaken, some can be considerably more important if they are aligned with the strategic direction of the organization or are necessary to sustain business.