Editing Project management (section)

==Risk management==
{{Main |Project risk management}}

The United States [[United States Department of Defense|Department of Defense]] states that "Cost, Schedule, Performance, and Risk" are the four elements through which Department of Defense [[procurement|acquisition]] professionals make trade-offs and track program status.<ref>{{cite web|title=DoDD 5000.01|url=http://www.dtic.mil/whs/directives/corres/pdf/500001p.pdf|archive-url=https://web.archive.org/web/20090825031855/http://www.dtic.mil/whs/directives/corres/pdf/500001p.pdf|url-status=dead|archive-date=August 25, 2009|publisher=United States Department of Defense|access-date=20 November 2007}}</ref> There are also [[#International standards|international standards]]. Risk management applies proactive identification (see [[Risk management tools|tools]]) of future problems and understanding of their consequences allowing [[Predictive analytics|predictive]] decisions about projects. ERM system plays a role in overall risk management.<ref>{{Cite journal |date=2016-01-01 |title=Taking the risk out of risk management: Holistic approach to enterprise risk management |url=https://doi.org/10.1108/SD-02-2016-0030 |journal=Strategic Direction |volume=32 |issue=5 |pages=28–30 |doi=10.1108/SD-02-2016-0030 |issn=0258-0543|url-access=subscription }}</ref>