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The Complete Idiot's Guide to Project Management, 5th Edition by G. Michael Campbell PMP, G. Michael Campbell, Sunny Baker

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The Basics of Risk Management

You can reduce the risks on your project through risk management. Some folks even refer to project management as “the practice of risk management.”
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DEFINITION
In basic risk management, you plan for the possibility that a problem will occur by estimating the probability of the problem arising during the project, evaluating the impact if the problem does arise, and preparing solutions in advance to keep the risks at an acceptable level.
Here are the steps I suggest using on your projects:
1. Identify the risks by listing them and describing their potential impact on the project. Identifying risks involves careful ...

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