Project

management -
Risk
management
process
 Introduction

Project Management is the process of planning,

organizing, and overseeing projects from start to
finish. Risk Management is an essential part of
the project management process. It involves
identifying, analyzing, and addressing potential
risks that could affect the project's success.
Risk Identification
Risk Identification is the first step
in the Risk Management process. It
involves identifying potential risks
that could affect the project's
success. Risks can come from
various sources, including internal
and external factors.
Risk Analysis
Risk Analysis is the process of
evaluating the identified risks and
analyzing their potential impact on the
project. This involves assessing the
likelihood of the risk occurring and the
severity of its impact. This helps to
prioritize risks and develop appropriate
risk responses.
Risk Response Planning
Risk Response Planning involves
developing strategies to address
identified risks. This includes developing
contingency plans, mitigation plans,
and avoidance plans. A risk response
plan should be developed for each
identified risk, and regularly reviewed
and updated throughout the project
lifecycle.
Risk Monitoring and Control

Risk Monitoring and Control involves

tracking identified risks, evaluating the
effectiveness of risk responses, and
making adjustments as necessary. This
helps to ensure that risks are effectively
managed throughout the project
lifecycle.
 Conclusion
Effective risk management is critical to the success of any
project. By identifying, analyzing, and addressing potential
risks, project managers can increase the likelihood of project
success. Remember to regularly review and update risk
management plans throughout the project lifecycle to ensure
continued success.
Thanks!
Do you have any questions?
addyouremail@freepik.com
+91 620 421 838
yourcompany.com