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Project Risk Management (Process Included (Identify risks (Brainstorming,…
Project Risk Management
What is it?
is the art and science of identifying, analyzing, and responding to risk throughout the life of a project and in the best interests of meeting project objectives
Process Included
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Identify risks
Brainstorming, The Delphi Technique, Interviewing & SWOT analysis
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Risk Utility
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Those who are risk-seeking have a higher tolerance for risk and their satisfaction increases when more payoff is at stake
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Contingency & Fallback Plans, Contingency Reserves
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Risk Register
A document that contains the results of various risk management processes and that is often displayed in a table or spreadsheet format
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