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Unit3:Managing Risks inProjects
Source:
Project ManagementProject Managementfor Business and Technologyfor Business and Technology
 
BY John Nicholas 
 
Objective of Study
Definition : Risk in Projects
What are the sources of Risk?
Risk Response Planning
Project Management is RiskManagement
 
Definition: Risk 
Risk : “Possibility of exposing todanger,hazards,loss,injury”-DictionaryMeaning.
Risk is associated with project abouttechnical ,schedule, Cost outcomes
From the investment point of view, Riskcan be defined as the variability of return
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