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Know Your Audience When Developing the Project Management Plan
October 11, 2008
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Project Executing Process - Kick-off Meeting
October 10, 2008
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No Creation of Best Practices - Project Management Mistake # 15
October 10, 2008
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Cutting Project Costs and Exceeding Expectations – A Simple Seven Step Solution
October 10, 2008
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Tips For Passing the PMP Certification Exam
October 10, 2008
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Procurement Management in Project Management - Source Selection
October 9, 2008
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The Holy Grail of Project Management Process and Methodology
October 9, 2008
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Reviews in Project Management are Required
October 9, 2008
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The Phased Approach to Project Management Implementation
October 9, 2008
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Specific Responsibilities of the Project Manager
October 9, 2008
Risk Management - A Short Definition
July 24, 2008 | Author: admin | Filed under: Risk Management, Project Management Definitions
Risk Management - A Short Definition
By Tom Carlos (PMP)
Risk management is the process involved with identifying, analyzing, mitigating, monitoring, and responding to a risk. It includes maximizing the results of positive events and minimizing the consequences of adverse events.
Various studies show that:
- Risk Management is overlooked on most IT projects
- Most “runaway” projects do not utilize Risk Management
- Risk Management should be thought of as a investment
Tom Carlos has over 20 years of cumulative experience in business, technical, and training environments. He is a Certified Project Management Professional (PMP) and member of the Sacramento Valley PMI Chapter. For other articles on similar subjects, you can visit www.carlosconsulting.com or contact him at tom@carlosconsulting.com.
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