Chapter 11
Project Risk Management
According to the PMBOK® Guide—Third Edition, “Project Risk Management includes the processes concerned with conducting risk management planning, identification, analysis, responses, and monitoring and control on a project; most of these processes are updated throughout the project. The objectives of Project Risk Management are to increase the probability and impact of positive events, and decrease the probability and impact of events adverse to the project.”
The PMBOK® Guide—Third Edition describes six processes in the Project Risk Management Knowledge Area:
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