Managing project risks as a PMP-certified professional requires a methodical approach grounded in foresight and strategic planning. The PMBOK (Project Management Body of Knowledge) provides comprehensive frameworks and time-tested methodologies to identify, assess, prioritize, mitigate, and monitor risks throughout the entire lifecycle of a project. By adhering to these principles, you can navigate uncertainties and handle risks effectively to ensure project success. What is Project Risk? A project risk refers to an unpredictable event or circumstance that, if it takes place, has the potential to influence a project’s goals, schedule, financial resources, or overall quality either positively or negatively. This uncertainty can arise from various internal
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