5 Questions
What is project risk management?
Project risk management is the practice of identifying, evaluating, and preventing or mitigating risks to a project that have the potential to impact the desired outcomes.
What is the purpose of integrating risk management activities into other project management functions?
The purpose is to ensure that risk management becomes a proactive process and that responses to risk are developed to meet project objectives.
What does the risk management process involve?
The risk management process involves a systematic application of management policies, processes, and procedures to the tasks of establishing the context, identifying, analyzing, assessing, treating, monitoring, and communicating risk.
Define project risk.
A project risk is an uncertain event that may or may not occur during a project.
How can managing risk contribute to achieving good project outcomes?
Managing risk is fundamental to achieving good project outcomes, as better management of risk leads to more successful activities and the removal or reduction of the possibility of underperformance.
Test your knowledge of project risk management with this quiz. Explore the fundamentals of managing risk in projects and how it contributes to achieving successful outcomes. Ideal for project managers and those involved in project activities.
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