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• The MSP (Managing Successful Programmes) Governance Themes

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• Project Managers: The Value of Understanding Technology

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• Building the High-Performance Global Workforce

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• The Most Important Lesson

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• The Elements of Change in Every Organization

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• Still Trying to Integrate Running and Project Management

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Risk Management Processes According to the PMBOK

December 2, 2008 | Author: PM Hut | Filed under: Risk Management, Risk Quantification & Analysis

Risk Management Processes According to the PMBOK
By Abhilash Gopi

Risk Management is the process used to identify, analyze, and respond to a risk by identifying, analyzing, and prioritizing risks, It requires knowledge of business functions and user involvement.

The Project Management Institute’s PMBOK defines the following 4 processes to address risk management issues:

• Risk Identification
• Risk Quantification
• Risk Response Development
• Risk Response Control

About Abhilash Gopi In his own words

I got smitten by the Project Management bug when I was working under K.U. Harsha, my first Project Manager and have been lucky since then to work under democratic managers (Purushottam Sitla, Rekha Varma). I could learn on-job from these wonderful managers and has been equally successful in applying these principles.

I am currently working as a Senior Test Manager with Cordiant Technologies, Kochi, India. Cordiant (www.cordiant.com) is an Offshore Product Development Services provider for ISVs and Web Startups and its innovation is spearheaded by our President & CEO, Dennis Paul.

This entry was posted on Tuesday, December 2nd, 2008 and is filed under Risk Management, Risk Quantification & Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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