Risk - Risk Management Process

3 important questions on Risk - Risk Management Process

What's the difference between a risk and an issue?

An issues has already occurred, a risk is an uncertain event that may occur in the future.

What steps does the risk management process contain of?

  • Focus on risk management
  • Identify risks
  • Assess risks (qualitatively)
  • Prioritize risks
  • Analyze risks
  • Develop a response plan
  • Manage the risks

Can a risk also has a potential positive impact on a project?

Yes

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