Nanotechnology (NT)

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Tips

Do not assume you have all the risks identified. The nature of risk is that it is unpredictable.
Do not let politics interfere with your assessment. This happens a lot. People don’t want to believe things they control could go wrong and will often fight you about risk levels. "Oh that could never happen" could be true, but then again it might be someone's ego talking.
Consider what might happen if two or three things go wrong at the same time. The probability will be very low, but the impact can be extreme. Nearly every major disaster involved multiple failures.
Do not ignore Low risk items completely, but don’t spend much time with them. Use High, Medium and Low to indicate how much effort you will put into monitoring each risk.
Do not get too intricate for the project. Risk Management is an important part of the project but it shouldn’t overshadow the actual work to be done. If you’re not careful about this, you can start chasing irrelevant risks and overload your plan with useless information.

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