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| Project Risk Management Guide |
Download Free Guide in Project Risk Management, After completion the guide, you will be able to:
- Plan risk Management
- Identify risks
- Qualify risks
- Quantify risks
- Plan risk responses
- Monitor and control risks
- Pass the PMI-RMP exam
Risk management activities are applied to project management. Project risk is defined by PMI as, "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives." Project risk management remains a relatively undeveloped discipline, distinct from the risk management used by Operational, Financial and Underwriters' risk management.
This gulf is due to several factors: Risk Aversion, especially public understanding and risk in social activities, confusion in the application of risk management to projects, and the additional sophistication of probability mechanics above those of accounting, finance and engineering.
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