UCI 301 LESSON 8: RISK MANAGEMENT

Institution MASENO UNIVERSITY
Course UCI 301: PROJECT MAN...
Year 3rd Year
Semester Unknown
Posted By Codred Agencies
File Type pdf
Pages 12 Pages
File Size 586.48 KB
Views 7018
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Description

Risk management is the systematic process of planning for, identifying, analyzing, responding to, and monitoring project risks. It involves processes, tools, and techniques that will help the project manager maximize the probability and results of positive events and minimize the probability and consequences of adverse events as indicated and appropriate within the context of risk to the overall project objectives of cost, time, scope and quality.
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