Risk Management

To earn a Project Management Institute (PMI) certification, project managers must know risk response strategies for mitigation, avoidance, transfer, exploitation, enhancement, sharing, and acceptance. All projects have risks; thus, project managers must plan risk responses to ensure positive project outcomes. On this page: What is Risk Mitigation PMP or Mitigate Risk PMP? PMP Risk Mitigation

Risk Analysis and Risk Management are fundamental concepts for Project Management Professionals (PMP)®. You must be able to mitigate surprises and disruptions, and while creating a risk management plan is an essential step, it doesn’t address the specific risks your project faces. Two critical tools: a risk report and a risk register, identify and detail

Several questions on the Project Management Professional (PMP)® exam test your ability to manage and identify risks. But did you know there are several different types of risks? In this article, we’ll introduce you to two less-talked-about risks: secondary and residual risks. We’ll discuss why they need to be addressed along with the initial risks.

Project Management Institute’s (PMI) inclusion of risk management skills in multiple PMI certifications indicates the importance of risk across industries and in all projects. The risk management process includes risk identification and risk assessment. During an assessment, the project manager uses standard risk tools and quality data to help the team better avert later problems,

A project risk is an event that has not yet happened and that may positively or negatively impact a project if it does happen. Negative risks are referred to as threats, and positive risks are referred to as opportunities. Every project is characterized by both types, but many project managers actually do not pay much