Scribd
Upload
31 views6 pages

Project Risk Management Overview

Project Risk Management involves identifying, assessing, and controlling risks to minimize threats and maximize opportunities for project success. Key types of risks include technical, external, organizational, and project management risks, with a structured process for managing them as outlined in the PMBOK Guide. Effective risk management is continuous, proactive, and requires involvement from the entire team and stakeholders to improve project predictability.

Uploaded by

Debopam Roy
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
31 views6 pages

Project Risk Management Overview

Project Risk Management involves identifying, assessing, and controlling risks to minimize threats and maximize opportunities for project success. Key types of risks include technical, external, organizational, and project management risks, with a structured process for managing them as outlined in the PMBOK Guide. Effective risk management is continuous, proactive, and requires involvement from the entire team and stakeholders to improve project predictability.

Uploaded by

Debopam Roy
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Overview of Project Risk

Management
Managing Uncertainty for Project
Success
Debopam Roy | June 2025
What is Project Risk Management?

• Identifying, assessing, and controlling project


risks
• Minimize threats and maximize opportunities
• Achieve project objectives under uncertainty
Types of Risks in Projects

• Technical Risks – design flaws, technology


changes
• External Risks – regulatory changes, market
shifts
• Organizational Risks – resource issues, politics
• Project Management Risks – schedule delays,
cost overruns
Risk Management Process (PMBOK
Guide)

• Risk Planning
• Risk Identification
• Qualitative and Quantitative Risk Analysis
• Risk Response Planning
• Risk Monitoring and Control
Common Risk Responses

• Avoid – eliminate the risk by changing the plan


• Mitigate – reduce the impact or likelihood
• Transfer – shift the risk to a third party
• Accept – tolerate the risk with or without a
contingency
Conclusion & Takeaways

• Risk management improves project


predictability
• It must be continuous and proactive
• Involves the entire team and stakeholders
• Manage risk to ensure project success

You might also like