Overview
Risk management is the process of identifying, assessing, and controlling potential problems that could impact a project. It helps teams prepare for uncertainties and make informed decisions. By understanding risks, project managers can minimize negative effects and ensure project success. This introduction covers the basics of risk management, its importance, and key strategies to manage risks effectively.
📚 Key Learning Objectives
- ✓ Define risk management and its key concepts.
- ✓ Identify potential risks in a project.
- ✓ Assess the impact and likelihood of risks.
- ✓ Develop strategies to mitigate identified risks.
- ✓ Create a risk management plan for a project.
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