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On Customer Participation in Agile Projects
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A Project Charter for Lazy Teams
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The Power of Process: How Bad Project Management Kills Great Ideas
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What are the Components of Risk?
November 27, 2008 | Author: PM Hut | Filed under: Risk Management, Risk Quantification & Analysis
What are the Components of Risk?
By Abhilash Gopi
Risk has three components. These components need to be considered separately when determining on how to manage the risk
Risk Components are:
- The event that could occur – the risk,
- The probability that the event will occur – the likelihood,
- The impact or consequence of the event if it occurs – the penalty (the price you pay).
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.
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