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Technical PM-competences (Subject) / 1.04 Risk and opportunity (Lesson)

Risk and opportunity

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  • Summary risk and opportunity Risk management is important to initially asses how risky a project is by identifying the most important risks and mitiagtion measures The risk value can be calcualated using probability of occurrence and impact of the risk For risk treatment the project manager accepts, transfers, reduces, or avoids the risks.
  • "Intolerable risks" risks that threaten health or life risks that migth cause significant damage to the environment or surroundings riks that may bring other intolerable outcomes
  • Risk categories quality risks ressource riks cost risks interpersonal risks deadline risks technical risks
  • Benefits of risk management raises the project team's awareness of threats to the project helps avoiding unforseen risky situations
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