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Achieve CAPM Exam Success by Frank Reynolds, Janice Preston, Diane Altwies

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CHAPTER 11 RISK

RISK MANAGEMENT

The risk management knowledge area is a critical knowledge area for project managers. The identification, assessment, and strategies for managing and controlling risk can make or break a project’s success. Projects, by their very nature, are inherently risky. No one knows all the risks associated with a project early on, and no one can predict what may happen in the future that could impact the success of a project. This knowledge area focuses on providing several tools and techniques for assessing and controlling risk on projects. In some cases, the tools are simple and easily implemented. In others, they are very complex.

Project managers must make risk management a part of their everyday thought process and ...

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