Residual Risk and Secondary Risk The PMBOK® Guide ver 6 defines risk as “An uncertain event or condition that, if […]
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Residual Risk and Secondary Risk The PMBOK® Guide ver 6 defines risk as “An uncertain event or condition that, if […]
Risk Attitude, Risk Appetite, Risk Tolerance and Risk Threshold Risk Tolerance According to PMBOK Guide 6th Edition, Risk tolerance is […]
Mitigation plan, Fallback Plan, Contingency Plan and Workaround Mitigation plan In risk mitigation, action is taken to reduce the probability […]
Contingency Reserves VS Management Reserves Reserves is a buffer in terms of Schedule or Cost while estimating is added to […]
Passive Acceptance of Risk and Active Acceptance of Risk These are two different risk response strategies to deal with the […]
Known Risks and Unknown Risk The risk is future uncertain event or condition that, if it occurs, has a positive […]
Negative Risk (threat) and Positive Risk (opportunity) The risk is a future uncertain event which may have positive or negative […]
Event-based Risk and Non-Event Risks The risk is future uncertain event or condition that, if it occurs, has a positive […]
Issues and Risk The risk is a future uncertain event which could have a positive or negative impact on the […]
