About PMP® Risk Management

Risk is described by the Project Management Institute (PMI)® as "An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives." Use the Risk Management Process PMP, which includes the steps of Identify, Analyze, Prioritize, Assign, Plan, Monitor, Treat, and Report, to more effectively ensure that your project achieves all of its goals. There are Risk Management Tools and Techniques for each Risk Management Process. Determine your company's or client's risk tolerance as part of your risk management work because it affects the amount of work you should put into each risk management process.