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Risk, in Project Management, is the likelihood of occurrence of an event usually with negative impact on the project.
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A Risk is an uncertain event or condition that if it occurs, has a positive or negative effect on a Project's Objectives. Risk Management literally refers to the management of the Projects Risk. However, the official definition is: Risk Management is the act of increasing the probability & impact of positive events and decreasing the probability & impact of adverse events within a project.
It depends on the project in question. The nature of a project is the type of project and likely the them of the project. Variables including time, cost, and quality are things that can impact the project and its completion date.
Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management
In project management, SOW stands for either Scope Of Work or Statement Of Work. It is usually required to be defined/stated/included when preparing an impact analysis or drafting terms of reference.
A Risk is an uncertain event or condition that if it occurs, has a positive or negative effect on a Project's Objectives. Risk Management literally refers to the management of the Projects Risk. However, the official definition is: Risk Management is the act of increasing the probability & impact of positive events and decreasing the probability & impact of adverse events within a project.
Project managers and project management teams, project sponsors
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A Guide to the Project Management Body of Knowledge is a book by Project Management Institute. The book talks about knowledge in the project management profession.
Project Planning is the key phase in Project Management. Project implementation / execution is actual Project Management phase which is followed by Project Planning phase (where the project deliverables are implemented).