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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. 

 

 

International trainer ENG . Hassan Shalaby

 

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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: 2016/12/31

Thanks a lot for your invitation. Useful Information.

Matthew Smith
by Matthew Smith , Writer , freelance

The processes in risk and safety management consist of various steps and procedures ranging from identification of the possible danger to establishing mitigation. Besides, the risk and safety management processes should follow the standard procedures as set out in the regulatory frameworks or institutions.

sohail salah
by sohail salah , commercial manager , www.baladiya.gov.qa

The head of a risk management department within a company is known as the chief risk officer. Depending on the size of the company, the number of employees in a risk management department can vary. Some of the positions within the department include the head of market risk management, the head of credit risk management and the head of operational risk management. These individuals supervise teams that create the company's risk management policies and procedures for their individual type of risk management.

Sureshkumar Kuppusamy
by Sureshkumar Kuppusamy , Chief Finance Officer , ENBD

forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.

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

Risk management is the identification, evaluation, and prioritization of risks

Ahmed Othman
by Ahmed Othman , Telecoms NOC Manager , SabaFon Company for Mobile Telephony

Project risk management is the process of identifying, analyzing and then responding to any risk that arises over the life cycle of a project to help the project remain on track and meet its goal. Managing risk isn’t reactive only, it should be part of the planning process to figure out risk that might happen in the project and how to control that risk if it in fact occurs.

Ahmed said Basha
by Ahmed said Basha , Cost accounting manager. , Advanced industrial company for clay pipes

In the world of finance, risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps to reduce/curb the risk.

Antonio da Costa Da Costa
by Antonio da Costa Da Costa , Secondary School Special Ed Teacher , zua kifuba

For example, a fixed deposit is considered a less risky investment. On the other hand, investment in equity is considered a risky venture.

Ubaidur Rahman
by Ubaidur Rahman , Management Information System In Charge , Sustainable Development Policy Institute

In finance, risk management is considred, "The process of analysing and identifying the ways to mitigate the risks in an investment decision".

Ketan Joshi
by Ketan Joshi , Accounts Payable

Between Projected and Actual

يوسف دمدوم
by يوسف دمدوم , مهندس و مسير , مقاولة اشغال البناء

think you for invitation i agree your answer

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