The cone of uncertainty entails the uncertainty and risks when an organization invests in a software project. The cone depicts the number of risks and degree of precision for uncertainty through the...
Category: Risk Management
The risk could be defined as the impact that could happen on an operation, goal, task, or planning of an organization. It could be a positive or negative impact. If the impact is positive, that could...
The business environment is complex and ever-changing. Therefore, all organizations should come up with processes to effectively and proactively manage risks that may occur in the course of...
A contingency plan is just another name of 'plan B.' it is a backup plan made to be used when things won't be going according to plan A. When plan A goes into an unexpected phase, that is when the...
The PMI-RMP is a certification awarded to the project risk managers. This certificate is awarded after a certain training and an exam. The one who has it shows that he has the expert abilities to...
The purpose of risk management process is to identify, analyze and minimize the potential problems that could affect the activities of a project. Managing the risks facing a project is important as...
