Review the four key stages in project risk management (risk identification, analysis of probability and consequences, risk mitigation strategies, and control and documentation). Then consider a very common project execution risk: the lack of sufficient technical resources for a project. Examine the impact on project timelines, cost, and quality.

• A brief summary of each of the four key stages in project risk management.
• A brief description of a project (real or imagined) that might occur within a workplace with which you are familiar.
• A clear articulation of at least four specific activities that could be used for addressing the risk (lack of sufficient technical resources) for your chosen project.
• Research-based conclusions that discuss how using a systematic approach to managing risk can reduce negative impacts to project timelines, cost, and quality (relating to your chosen project).