How value added or diminished by successful risk management


Discussion Post: Project Management

Watch the videos and respond to the questions.

The video "Risk Management and Quality" provides another example of risk prioritization called FMEA and the "Risk Management Fails without Multiple Perspectives" discusses a method of risk management called "Triangulation".

There are many methods of identifying, prioritizing, mitigating, and managing risks.

1. Share your personal definition of risk management, as it pertains to project management as a whole.

2. Do you view risk management as a department, a process, or a discipline? Why?

3. How would value be added or diminished by a successful risk management strategy to an activity?

Videos:

o "What Is Risk Management In Projects?" (YouTube Video)
o "Create a Risk Management Plan" (Lynda Video)
o "Risk Register" (YouTube Video)
o "Project Management - Risk Management - PMP" (YouTube Video)
o "Project Risk Management Tips for Managing a High Risk Project!" (YouTube Video)

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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Project Management: How value added or diminished by successful risk management
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