8) Project Management Processes – Risk Management - Deepstash

8) Project Management Processes – Risk Management

Project Risk Management is concerned with processes, activities, and efforts performed to properly deal with project ambiguity and uncertainty.

In addition to the efforts to identify, analyzing, responding to and monitoring risks.

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Time constraints in project management

Each task and process in the project have a scheduled time allocated for their completion.

Steps for managing the schedule of the project development process:

  1. Plan schedule management.
  2. Sequence all of the different activities.
  3. D...

Risk register

Risk register

Before you start risk management, it is important to identify the risks the company is exposed to.
Establish a catalogue of risks or a"risk register"

When identifying risk

Identifying as many risks as possible often leads to not being able to manage it all properly.

  • First, identify the risks with the largest potential loss or financial impact. Then collect smaller risks together that can be managed as a group. Smaller risks have minor financial co...

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