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Projects are risky activities. We take on a managed level of risk in order to achieve defined rewards. It's therefore not surprising that some projects fail — completely eliminating failure would be a sign that we're being too risk averse. Problems arise when the level of failure across our program or portfolio is not commensurate with the desired risk/reward profile.
Project reviews and assurance can be a very useful tool to help monitor risk levels across our portfolio, and hence to identify and mitigate the risks which are not being managed effectively. This talk looks at some factors you should consider when setting up an assurance programme.