Project Risk Management
(Section 11 of the PMBOK® Guide)
PMBOK® Guide, pages 395–396, Introduction; and page 396, Figure 11-1
Project Risk Management Processes
Project Risk Management includes the processes of conducting risk management planning, identification, analysis, response planning, and controlling risk on a project. The objectives of project risk management are to increase the likelihood and impact of positive events, and decrease the likelihood and impact of negative events in the project.
Figure 11-1 provides an overview of the Project Risk Management processes, which are as follows:
11.1 Plan Risk Management—The process of defining how to conduct risk management activities for a project.
11.2 Identify Risks—The process ...