6.1. CONCEPTS OF RISKS AND RISK MANAGEMENT
Risks are those events or conditions that may occur, and whose occurrence, if it does take place, has a harmful or negative effect on a project. Risks should not be confused with events and conditions that require management intervention or action. A project manager must deal with and plan for those situations that are likely to occur but whose exact nature is not known beforehand; such situations, however, are not risks. For example, it is almost certain that defects will be found during software testing, so a reasonable project must plan to fix these defects when they are found. Similarly, it is almost certain that some change requests will come, so project management must be prepared for changes and ...
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