Risk Planning

THE PMP® ExAM coNTENT FRoM THE PLANNiNG The PRoJEcT PERFoRMANcE DoMAiN covered iN THis chapter iNduDEs THE FOLLOWiNG:

v Identify Risks and Define Risk Strategies

Risk is evident in everything we do. When it comes to project management, understanding risk and knowing how to minimize its impacts (or take full advantage of its opportunities) on your project are essential for success. This entire chapter is dedicated to project risk. Five of the six risk processes, all contained in the Risk Management Knowledge Area, fall in the Planning process group. I'll cover Plan Risk Management, Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and Plan Risk Responses in this chapter. I'll follow up with the last risk process, Monitor and Control Risks, in Chapter 10, "Measuring and Controlling Project Performance."

Hold on to your hats! I'm going to cover a lot of material in this chapter, but it will go fast, I promise.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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