Project risk management includes various processes, including risk management planning, risk identification, risk analysis, risk response planning, and risk monitoring. The goal is to increase the probability and impact of positive events in the project.
- Planning risk management: defines how to implement project risk management activities.
- Risk identification: the process of determining which risks will affect the project and record its features
- Carry out qualitative risk analysis: Evaluate and comprehensively analyze the probability and impact of risks, and prioritize risks to provide a basic process for subsequent analysis or action.
- Implementation of quantitative risk analysis: Quantitative Analysis of the Impact of identified risks on the overall project objectives.
- Plan risk response: develop programs and measures to improve opportunities and reduce threats for the project objectives.
- Monitoring risks
Project risks arise from the uncertainty of any project.
