Chapter 11. Risk Management

 

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.

 
 --PMBOK® Guide
 

The business of believing only what you have a right to believe is called risk management.

 
 --Tom DeMarco and Tim Lister, Waltzing with Bears
 

People who don’t take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.

 
 --Peter Drucker

Risk management is a critical component of traditional projects. Those new to agile worry about the lack of defined risk management activities in agile processes. The framework of the agile software development process fosters ...

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