Explain how an effective project risk management process

Reference no: EM133199265 , Length: Word count: 250 words

Assignment Task: Please reply to the below discussion forum in at least 250 words and 2 APA cited references

Required:

Chapter 1 & 2 in Project Risk Management: A Practical Implementation Approach Pages 395-400 of Chapter 11 in A Guide to the Project Management Body of Knowledge (6th ed.)

Recommended:

Galli, B. J. (2017). Risk management in project environments: Reflection of the standard process. Journal of Modern Project Management, 39-49.

Fabricius, G., & Büttgen, M. (2015). Project managers' overconfidence: How is risk reflected in anticipated project success? Business Research, 8(2), 239-263. doi:10.1007/s40685-015-0022-3

References:

Bissonette, M. (2016). Project risk management: A practical implementation approach. Newtown Square, Pennsylvania: Project Management Institute.

Larson, E. W. & Gray, C. F. (2017). Project management: The managerial process (7th ed.). New York, NY: McGraw-Hill.

Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK Guide) (6th ed.). Newton Square, PA: PMI Publications.

Every day we take risks, and while some we are very noticeable, others are so minor that they hardly make us pause. The same is true in project management; however, risks taken can impact a project in a number of ways, and not always detrimentally. What are the key benefits of integrating risk management into a project? Explain how an effective project risk management process can relate to project success.

Reference no: EM133199265

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