Introduction

Project Risk Management

    Introduction

  •           Risk Management is the creative process of identifying, analyzing and responding to risk factors throughout the life of a project. Risk Management Systems are designed to do more than just identify the risk. Risk identification is an iterative process. Objective is to decrease the probability and impact of negative events and vice versa.

    Project risk management includes below six processes

                   •  Plan Risk Management

                   •  Identify Risks

                   •  Perform Qualitative Risk Analysis

                   •  Perform Quantitative Risk Analysis

                   •  Plan Risk Responses

                   •  Control Risks

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