There are several stages of project planning. One of the important considerations in project planning has to be risk analysis and management. One may consider it as a pessimist approach, but risk analysis is a practical approach that could save time and money, and considerably headache. Risk analysis refers to the possible overshoots in timing and cost of the project.
They are calculated by understanding how each process works, how much time and resource it needs, and what could go wrong in the worst case scenario. This is where a proactive manager works his way through every task involved in the project timeline. He will work with all the team leaders and identify various areas where risk management would be crucial.
There are two types of managers. They are: