Q: Project Risk Management What are the Project Management Processes included in the Project Risk Management?
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Answer :
Explanation :
The Project Risk Management Processes include the following: Risk Management Planning - Deciding how to approach , plan, and execute the risk management activities for a project Risk Identification - Determining which risks might affect the project and documenting their characteristics. Qualitative Risk Analysis - Prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact Quantitative Risk Analysis - Numerically analyzing the effect on overall project objectives of identified risks Risk Response Planning - Developing options and actions to enhance opportunities , and to reduce threats to project objectives. Risk Monitoring and Control - Tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project life cycle.