Risk Response Strategy

Plan Risk Response – the process of developing options and actions to enhance or exploit opportunities and to reduce or eliminate threats to project objectives.  Risk Response planning must be appropriate to: Severity of the risk,Cost in meeting the challenge,Timely to be successful, Realistic, Agreed by all parties,Owned by responsible person.  Strategies for Negative Risks and Threads: Avoid (Avoidance):  The...

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Project Risk Management

Risk Management is something that we always do even without thinking about it. Risk management involves minimizing the consequences of adverse events as well as maximizing the results of positive events. Therefore, risks can be good or bad events which are commonly called as opportunities or threads. Risk management is a part of the project management process, and consistently following that process is important for getting results. It allows...

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Project Human Resource Management

There are number of pertinent topics in Project Human Resources that are very important to memorize and understand if you want to take either PMP or PMI-RMP (Project Management Institute - Risk Management Professional) exam. They include: Motivational Theories  Leadership Style Leadership Style Applicability Negotiation Methods A. MOTIVATIONAL THEORIES Motivation impact stakeholder attitudes. Be aware of the following motivational...

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