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PMP® Project Management Professional Lab Manual by Joseph Phillips

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11Managing Project Risks

LAB EXERCISES

11.01 Planning Risk Management

11.02 Identifying Project Risks

11.03 Completing a Qualitative Risk Analysis

11.04 Performing a Quantitative Risk Analysis

11.05 Planning Risk Responses

11.06 Monitoring and Controlling Project Risks

Risk is an event with an uncertain probability that, if it happens, could have a negative or a positive impact on the project. Risk in itself isn’t a bad thing—it’s the impact that has either the positive or negative effect on the project objectives. With any risk, the project manager must consider the risk’s reward in relation to the probability of the event and the impact it may have. Some risks are worth taking, but in other cases, you’ll simply want to do all that you can to ...

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