Project Risk Management
Risks are uncertain events that can
impact the scope, schedule, cost or quality of a project. Project
manager should identify the possible risks and manage them so
that the negative impacts are minimum. The risks can be positve or
negative. Positive risks are opportunities. Risk monitoring should be
done through out the project life cycle.
The processes in Project Risk Management
are- Risk Management Planning
- Risk Identification
- Qualitative Risk Analysis
- Quantitaive Risk Analysis
- Risk Response Planning
- Risk Monitoring and Control