Planning may not be the most enjoyable component of managing projects, but it is the most vital part for reducing risk and failure rates. Here’s why.

Risk is always lurking in the background, whether at a micro or macro level. What may seem like a minor risk to a task could pose a larger threat later during project execution. Proper planning allows teams to ensure that risks can be mitigated against and that smaller tasks roll-up into milestones that meet with the larger goals of the project, reducing potential risks.

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