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Tag: Project Risk Management

Residual Risk and Secondary Risk- PMP/CAPM
Mudassir IqbalMay 4, 2019PMP ConceptsNo comments

Residual Risk and Secondary Risk The PMBOK® Guide ver 6 defines risk as “An uncertain event or condition that, if […]

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Risk Attitude, Appetite, Tolerance and Threshold – PMP/CAPM
Mudassir IqbalApril 20, 2019PMP ConceptsNo comments

Risk Attitude, Risk Appetite, Risk Tolerance and Risk Threshold Risk Tolerance According to PMBOK Guide 6th Edition, Risk tolerance is […]

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Mitigation plan, Fallback Plan, Contingency Plan and Workaround – PMP/CAPM
Mudassir IqbalApril 18, 2019PMP ConceptsNo comments

Mitigation plan, Fallback Plan, Contingency Plan and Workaround Mitigation plan In risk mitigation, action is taken to reduce the probability […]

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Contingency Reserves and Management Reserves – PMP/CAPM
Mudassir IqbalApril 15, 2019PMP ConceptsNo comments

Contingency Reserves VS Management Reserves Reserves is a buffer in terms of Schedule or Cost while estimating is added to […]

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Passive Acceptance of Risk and Active Acceptance of Risk – PMP/CAPM
Mudassir IqbalApril 14, 2019PMP ConceptsNo comments

Passive Acceptance of Risk and Active Acceptance of Risk These are two different risk response strategies to deal with the […]

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Known Risks and Unknown Risks – PMP/CAPM
Mudassir IqbalApril 14, 2019PMP ConceptsNo comments

Known Risks and Unknown Risk The risk is future uncertain event or condition that, if it occurs, has a positive […]

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Negative Risk (threat) and Positive Risk (opportunity) – PMP/CAPM
Mudassir IqbalApril 3, 2019PMP Concepts1 comment

Negative Risk (threat) and Positive Risk (opportunity) The risk is a future uncertain event which may have positive or negative […]

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Event-based Risk and Non-Event Risks
Mudassir IqbalMarch 30, 2019PMP ConceptsNo comments

Event-based Risk and Non-Event Risks The risk is future uncertain event or condition that, if it occurs, has a positive […]

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Issues and Risk
Mudassir IqbalMarch 21, 2019PMP Concepts1 comment

Issues and Risk The risk is a future uncertain event which could have a positive or negative impact on the […]

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