Project Management Maturity Model, 3rd Edition

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Chapter 10

Risk Management

The overall purpose of risk management is to identify,

analyze, respond, and control risk factors throughout the life

of a project. Risk management requires understanding risk

events, assessing their impacts on a project, determining the

best way to deal with them, developing and executing a plan

for managing them, and monitoring progress.

Components

Risk Management Planning

This component is used to determine how to conduct risk

management activities and denes the role of and steps for

developing risk management plans.

Risk Identication

Risk identication involves determining which risks are likely

to exert impacts ...