PMP Exam Cram™ 2

Risk Management Principles and the PMI Philosophy

To best understand how risk management affects project planning and to better prepare yourself for exam questions on risk management, you need to understand some key risk management principles and the PMI risk management philosophy. Specifically, you should know the following:

• The key PMI risk management principles

• The common gaps with implementing risk management

• The different types and the common sources of project risk

• Key risk management tools

• Data precision and other uncommon risk terms

• How to use decision tree analysis to determine the best alternative

• The types of risk response strategies

If you ...