Introduction to Cost Risk in Risk Management

As a Project Management Institute (PMI)® Project Management Professional (PMP)®, your success depends on managing project risks, including cost risks. A primary concern of many stakeholders is the project exceeding the budget, so a solid risk management plan that addresses cost risks is essential. This article explores types and examples of cost risks and how …

Erin Aldridge, PMP, PMI-ACP, & CSPO

Risk Identification in Project Management

Project Management Institute defines risk as “an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.” Potential risks include external, internal, technical, or unforeseeable threats and opportunities to your project and deliverables. Learn more about how to identify risk in project management and what you should …

Erin Aldridge, PMP, PMI-ACP, & CSPO

Risk Types in Project Management

What do all projects of all sizes across all industries have in common? The answer is risk. It is just one reason Project Management Institute’s (PMI) standards and certifications for the Project Management Professional (PMP)® certification include risk management. The universal fact of risk is every project will have a unique blend of risk types …

Megan Bell

Introduction to Event and Non-Event Risk on the PMP Exam

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) …

Megan Bell