Bus5 2023 Business Finance

2023 Every project manager understands risks are inherent in projects deliveries are delayed accidents happen people get sick

Every project manager understands risks are inherent in projects, deliveries are delayed, accidents happen, people get sick, etc. No amount of planning can overcome risk, or the inability to control chance events.  Risk information is normally documented in what is called, a risk management plan.  Chapter 7, in your course text outlines the processes required to develop a risk management plan.  The PMBOK, starting on page 395 (Risk Management Knowledge Area) also describes a risk management process to develop a risk management plan.  Use either source, but develop / describe a project risk management plan for the project you defined earlier in this course.

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