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 phases of Identify, Analyze, Priorities, Assign, Plan, Monitor, Treat, and Report in the Risk Management Process (PMP) to more effectively ensure that your project accomplishes all of its goals. There are tools and techniques for risk management for each risk management process. Determine your company's or client's risk tolerance as part of your risk management job since it affects the amount of effort you should put into each risk management activity. The PMI Project Management Professional (PMP)® exam measures your understanding of risk management. Project risk management PMP exam questions cover the risk management plan, risk management methods, risk management procedures, and risk management equipment.
