Project risk management: lessons learned from software development environment
This approach has strengths and weaknesses. Its great strength is that it is supremely logical:
think before you build, write it all down, follow a plan, and keep everything as organized as
possible. It has just one great weakness: humans are involved.
For example: this approach requires that the good ideas all come at the beginning of the
development cycle, where they can be incorporated into the plan. But as we all know, good
ideas appear spontaneously throughout the process – in the beginning, the middle, and
sometimes even the day before launch, and a process that doesn’t permit change...
