Chapter 15

Risk

In This Chapter

arrow Locking on to the key word in PRINCE2 risk management

arrow Some memory joggers for the Foundation exam

arrow Getting to grips with the risk management procedure

arrow Seeing where risk management fits into the method

arrow Getting in some practice with risk-based exam questions

Risk management is a fascinating part of project management and, for the exams, the good news is that the content is mostly straightforward. However, don’t mistake ‘straightforward’ for ‘easy’ when it comes to revision, because there’s a lot of detail to get into your head. It’s just that you shouldn’t struggle too much over the thinking behind the theme.

The one concept you may find unusual is that of risk being positive – a good thing – as well as negative – a bad thing. If you’re finding that idea difficult to get your head around because it flies in the face of a normal understanding of risk, and indeed the dictionary definition, then you’ll find some extra help in the ‘Clarifying Some Key Points’ ...

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