Risks at the Venture and Project Execution Levels

BOTH THE VENTURE MANAGER AND THE PROJECT MANAGER MUST PARTICIPATE ACTIVELY, AND LEAD THE PROJECT TEAM. IN ALL THE RISK ASSESSMENT AND ANALYSIS ACTIVITIES. 

Risks at the Venture level are those that could threaten the commercial success of the project and are mostly of financial nature  

The risks at the project execution level are those that could have a negative impact on the specific project objective of quality, cost, and schedule  

All risks of venture and project execution must be addressed jointly by both the Venture and the Project Managers with input from the key stakeholders. 

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