Risk Assessment - Risk Assessment in Project Management

Risk Assessment in Project Management

In project management, risk assessment is an integral part of the risk management plan, studying the probability, the impact, and the effect of every known risk on the project, as well as the corrective action to take should that risk occur.

Read more about this topic:  Risk Assessment

Famous quotes containing the words risk, assessment, project and/or management:

    “The Englishman’s strong point is his vigorous insularity; that of the American his power of adaptation. Each of these attitudes has its perils. The Englishman stands firmly on his feet, but he who merely does this never advances. The American’s disposition is to step forward even at the risk of a fall.”
    —Thomas Wentworth Higginson (1823–1911)

    “The first year was critical to my assessment of myself as a person. It forced me to realize that, like being married, having children is not an end in itself. You don’t at last arrive at being a parent and suddenly feel satisfied and joyful. It is a constantly reopening adventure.”
    —Anonymous Mother. From the Boston Women’s Health Book Collection. Quoted in The Joys of Having a Child, by Bill and Gloria Adler (1993)

    “Treat the cow kindly, boys; remember she’s a lady—and a mother.”
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    “No officer should be required or permitted to take part in the management of political organizations, caucuses, conventions, or election campaigns. Their right to vote and to express their views on public questions, either orally or through the press, is not denied, provided it does not interfere with the discharge of their official duties. No assessment for political purposes on officers or subordinates should be allowed.”
    —Rutherford Birchard Hayes (1822–1893)