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Risk Management – All Project Phases

Risk Management All Project Phases Purpose of Risk Management : Risk Management is one of the primary knowledge areas of Project Management to be applied throughout the lifecycle of projects. Project Management Institute (PMI) defines Project risk as: Risk Management occurs at both Project and portfolio levels. This document focuses primarily on Project level risk. an uncertain event or condition that, if it occurs, has a positive or negative effect on a Project 's objectives . For ODOT, risk means more specifically: The potential for positive or negative impacts to scope, schedule, budget or quality (some risks can be opportunities).

08-13-2015 Strategic Services Branch: Risk Management Lifecycle Page 1 Risk Management – All Project Phases . Purpose of Risk Management: Risk management is one of the primary knowledge areas of project management to be applied throughout the lifecycle of projects. Project Management Institute (PMI) defines project risk as:

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