HOW TO REDUCE THE RISK OF PROJECT ACTIVITIES

Risk deals with the uncertainty of events that could affect a project either negatively or positively. This research report highlights previous research on the importance of risk reduction in project activities to ensure the success of various project. The report explores the four major ways of risk reduction in all project activities which include; Avoidance, Transference, Mitigation, and AcceptanceThe report also included other risk reduction techniques for longterm like; Monitoring and documentation Embedding risk management into day-to-day activitiesIn all, the report explores the unique relationship between risk and project activities with the aim of proposing the best method of reducing risk in project activities.