This document discusses risk management and provides guidance on implementing an effective risk management process. It addresses common challenges like complexity, bias, and skepticism. The key messages are:
1) Risk management is a simple process that involves identifying, assessing, planning for, and managing risks. When applied with common sense, it should be part of routine project management.
2) An effective risk management process provides benefits like informed decision making, understanding risk exposure, and early warning of problems.
3) Risk management is a positive activity aimed at supporting stakeholders, not an ineffective overhead. It deserves consideration on all but the simplest projects.