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Tag: Risk management

How Startups Can Use Risk Prioritization in Their Project Management
Jordan MacAvoyJuly 24, 2020Project ManagementNo comments

Risk prioritization for effective project management culminates from processes involving risk impact assessment. Forewarned is forearmed indeed. The result of […]

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Managing Risk Proactively
John CarterJune 23, 2020Project ManagementNo comments

Innovation means doing something that has never been done before. And that’s fraught with risk. In new product development, innovation […]

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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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