Risk Management in Product Development Projects: A Practical Guide

Risk management is often a complex and elusive discipline, especially for small to medium-sized product development projects. The Project Management Institute’s (PMI) Practice Standard for Project Risk Management introduces various methods for analyzing, identifying, and responding to risks, which can be overwhelming and impractical for smaller projects.

This guide aims to demystify risk management and provide actionable strategies for handling risks effectively in small to medium-sized product development services.