How do you mitigate risk in a large program?
Risk mitigation is a crucial skill for program managers, especially when dealing with large, complex, and uncertain programs. A program is a group of related projects that share a common goal and deliver benefits to an organization or a customer. Risk is the possibility of something going wrong that could affect the program's objectives, scope, schedule, budget, quality, or stakeholder satisfaction. Risk mitigation is the process of identifying, analyzing, prioritizing, and addressing the potential risks before they become issues that derail the program. In this article, you will learn some practical tips on how to mitigate risk in a large program.