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Risk management is a big part of the Project Management Professional (PMP)® exam. To prepare, you’ll need to understand the types of risks that influence your project. All these uncertain events and their impacts are called project risks. This article will look at four different types of project risks. On this page: What is Risk? …
Continue reading Project Risks on the PMP Exam: Variability Risk vs Ambiguity Risk
All projects have inherent risks. After all, risk is an uncertain event or circumstance that can cause or influence a positive or negative result. Not even a Project Management Professional (PMP) can completely stop the risk, but they can make a risk management plan to address, mitigate, and manage the risks of the highest probability …
There are not many “sure things” in the world, but the fact that professional project managers have lost countless hours of sleep worrying about what could go wrong is one of them. Risk management is a robust skillset within project management, such that extensive knowledge of it is needed for the Project Management Institute (PMI) …
Continue reading Introduction to Event and Non-Event Risk on the PMP Exam
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