Manageability Notes: Definitions & Explanations PDF | Download eBooks
Study Manageability lecture notes PDF with project management definitions and explanation to study What is Manageability?. Study manageability explanation with project management terms to review project management course for online MBA programs.
Manageability Definition:
Ease with which the risk owner (or owning organization) can manage the occurrence or impact of a risk is called manageability.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Manageability Notes:
Usually the factors important regarding a project associated risk are probability of occurrence and impact on project. In addition to these two factors, other risk characteristics can also be considered in risk assessment. One of these characteristics is manageability. Manageability refers to the level of easiness with which a risk owner, the organization or the project team leader manages the occurrence of the risk and its effect on the project. Sometimes, a risk is small but due to poor management, it is not managed well and as a result it highly impacts the project. Every potential risk must be managed well, either managing the likelihood of occurrence to reduce the effect or the impact of the risk to take necessary corrective actions. A good management leads to high manageability.
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