PROJECT RISK MANAGEMENT Project Risk Management includes the processes of identifying potential risks, conducting risk management planning, risk probability and impact analysis, risk response planning, response implementation, and monitoring risk on a project. The prime objective of project risk management is to increase the probability (likelihood of occurring) and/or impact of positive risks (opportunities) and

Risk Management-Risk management strategies

Risk management is one of very important part of project management. Risk management is included in the ten knowledge areas of PMBOK. Risk is defined as an uncertain event/condition risks may occur at any time during life cycle of the project. If risk occurs during the life cycle of the project, risks have positive or