Risk Management: A Project and Work Management Process Area at Maturity Level 3
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 work to mitigate adverse impacts on achieving objectives.
Risk management is a continuous, forward-looking process that is an important part of work management. Risk management should address issues that could endanger achievement of critical objectives. A continuous risk management approach effectively ...