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Project Risk Management

In: Industrial Project Management

Author

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  • Stefano Tonchia

    (University of Udine)

Abstract

This chapter deals with one of the “hot” knowledge areas of PM: Risk Management. The risk is treated according to PMI standards (a RMP certification also exists), but other standards are cited too. Starting from the sources of uncertainty, risk assessment is exemplified (identification, analysis—both qualitative and quantitative—and quotation, that is measurement). The probability-impact matrix is introduced, with the cut-off line. The risk response (proactive or reactive) follows. And how Risk Management should be conducted throughout the duration of the project.

Suggested Citation

  • Stefano Tonchia, 2018. "Project Risk Management," Management for Professionals, in: Industrial Project Management, edition 2, chapter 16, pages 189-194, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-662-56328-1_16
    DOI: 10.1007/978-3-662-56328-1_16
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