Project Risk Management Handbook | Accra Metropolitan University

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Project Risk Management Handbook

Bob Pieplow - Personal Name;

The meaning of the term “risk” must be understood clearly for effective project risk management. In the context of a project, we are concerned about potential impacts on project objectives such as cost and time. A general definition of “risk” in this context is: Risk is an uncertainty that matters; it can affect project objectives negatively or positively. The uncertainty may be about a future event that may or may not happen and the unknown magnitude of the impact on project objectives if it does happen. Thus, a “risk” is characterized by its probability of occurrence and its uncertain impact on project objectives.

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Series Title: -
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Publisher: : ., 2012
Collation: 1-53
Language: English
ISBN/ISSN: -
Classification: NONE
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Subject(s): Project Risk Management Handbook
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