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What is Project Risk Management?

• *The processes of conducting risk management planning, identification, analysis,                  response planning, and controlling risk on a project. 

 

• Increase the likelihood and impact of positive events, and decrease the likelihood and        impact of negative events in the project. 

 

• The Risk Management processes are: ◦ Plan Risk Management ◦ Identify Risks ◦ Perform Qualitative Risk Analysis ◦ Perform Quantitative Risk Analysis ◦ Plan Risk Responses ◦ Control Risks Please refer to PMBOK® Guide Fifth Edition, figure-1, page. This provides an overview of Project Risk Management. 

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Question added by hassan shalaby , اخصائي تسويق ومبيعات، ومدرب مهارات معتمد من جامعة نوتنجهام بالمملكة المتحدة وجامعة عين شمس بالقاهرة , Galal Al , Sharif _Trading
Date Posted: 2016/12/26
Emmanuel Wamweta
by Emmanuel Wamweta , production supervisor , Tembo Steel Rolling

Excellent insight & submission. Thanx for the invitation

Abdul Rehman
by Abdul Rehman , Electrical Engineer , Tamdeed Projects

Thanks for the invitation and well explained

SYED SHAIKH ABEL ALQUDSI
by SYED SHAIKH ABEL ALQUDSI , Safety Manager , EMAS Marine Off-shore Services

Project risk management is the task of identifying what risks will be anticipated to be present during the full period of the project. Risk management should commence once the main processes have been documented and presented for discussions and feedback from all parties involved.

Amr Fathallah Abdulatif
by Amr Fathallah Abdulatif , Rollout Manager , NOKIA

Project Risk Management is not an optional activity: it is essential to successful project management.

It should be applied to all projects and hence be included in project plans and operational documents. In

this way, it becomes an integral part of every aspect of managing the project, in every phase and in every

process group.

hisham abu dagga
by hisham abu dagga , Project Manager / مدير مشاريع , مؤسسة عبدالكريم العواض للمقاولات

Thanks for the information

 

With greetings and appreciation

 

Arvind Kumar Yadav
by Arvind Kumar Yadav , Assistant Manager Technical , Aristocrat India pvt Ltd

An uncertain event or condition which affect the project objective. RM is to handle the uncertain even t during the planning by control measures or delegate or risk transfer.

Thanks for the invitation. Useful Information.

harish kumar
by harish kumar , Customer Service Officer , icici bank

The risk of a decline in the volume of demand for the final product or a decrease in the number of applications on the raw production produced for the enterprise and due to several reasons, including: - Misjudgment of consumer desires and needs between lack of experience and lack of information.

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