Introduction to project management/IPM103/Risk/Overview

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Prepare Act Survive

All activities have some risk attached. In project management, risk affects the likelihood of success of the desired outcomes. In order to mitigate against these risks, the project manager should first identify them and attempt to minimise the impact they might have.

Objectives

At the end of this learning pathway you will be able to:

• Define risk as it applies in a project management context
• Understand the risk management process
• Identify, assess and control risk
• Create a risk management plan for a project