Risk Management
A Project Management Process Area at Maturity Level 3
Purpose
The purpose of Risk Management (RSKM) is to identify potential problems before they occur so that risk-handling activities can be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives.
Tip
RSKM also can apply to identifying, evaluating, and maximizing (or realizing) opportunities.
In a dynamic environment, risk management must be a continuous process of identifying, analyzing, and monitoring risks.
Introductory Notes
Risk management is a continuous, forward-looking process that is an important part of project management. Risk management should address issues that could endanger ...
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