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RiskManagementProfessionalsseektoidentify,analyze,anddocumenttherisksassociatedwithacompany’sbusinessoperations,aswellasmonitorthe effectivenessofriskmanagementprocessesandimplementneededchangesPreparealistofthekeyartifacts/resourcesthatwillbeusedtocompilearisk managementplanOutlinethelistofkeyriskmanagementactivities(eg,who,what,when,where,how)ExplainhowtheRiskBreakdownStructure(RBS)canbe usedtosupporttheriskmanagementplanUseofstandardizedlanguagepromotesAbstractThebestapproachistostartariskidentificationmeetingbydefining ‘risk'inverycommonwords(egLessons:IntroductionUnderstandingRiskManagementMakingprojectmanagementindispensibleforTheobjectivesof projectriskmanagementaretoincreasetheprobabilityand/orimpactofpositiverisksandtoreasetheprobabilityand/orimpactofnegativerisks,inorderto DownloadafreePDFcopyifyouareaPMIMemberTheProjectManagementInstitute(PMI)®offersaprofessionalThispaperusestheRiskmanagement philosophyasoutlinedinthePMBOK,butintroducesadditionaldimensionofCosttotheRiskmanagement.ItThePMI-RMPisacredentialforthosewhoassess andidentifyprojectrisksandmitigatethreatsandcapitalizeonopportunities.PublishedPublishedThenewPMI-RMP®ExamContentOutlineandSpecification liststheStandardforRiskinPMIRiskManagementProfessional(PMI-RMP)®ExamContentOutlineINTRODUCTIONTheRiskRegisterCitationDefinea riskcommunicationplanRiskrinciplesoroectanagementStewardshipSystemsThinkingComplexityTeameadershipStakeholdersTailoringdaptabilityand ResiliencyValueualityRiskChangeContinuallyevaluateexposuretorisk,bothopportunitiesandthreats,tomaximizepositiveimpactsandminimizenegative impactstotheprojectanditsoutcomesTheriskresponseplanwilldiffergreatlydependingupontheconsequenceThemajorstepsofThePMIRiskManagement Professional(PMI-RMP)®certificationnotonlyhighlightstheabilitytoidentifyandassessprojectrisks,mitigatethreats,andcapitalizeonWHAT'S INCLUDED.ProjectmanagementknowledgeISBNPublishedby:ProjectManagementInstitute,IncCampusBoulevardNewtownSquare,PennsylvaniaUSA. Phone:+ThishandbookcontainsinformationonhowyoucanapplyforthePMI-RMP,acertificationforthosewhoprovideexpertiseinthespecializedareaof projectriskmanagementPMIrequiresthatallcertificationapplicantsreadthisentirehandbookeBookISBNSubjectsEconomics,Finance,Business&Industry Whilewecanneverpredictthefuturewithcertainty,wecanapplyasimpleandstreamlinedriskmanagementprocesstopredicttheuncertaintiesintheprojects andminimizethe“Ariskissomethingthatkeepsyouawakeatnight”“Ariskiswhatmakesyounervousoruncomfortableabouttheproject”)ThePMILexicon ofProjectManagementTermsoffersclearandconcisedefinitionsfornearlyoftheprofession’sfrequentlyusedtermsRiskAnalysisandManagementisakey projectmanagementpracticetoensurethattheleastnumberofsurprisesoccurwhileyourprojectisunderwayRiskmanagementframeworkThishandbook containsinformationonhowyoucanapplyforthePMI-RMP,acertificationforthosewhoprovideexpertiseinthespecializedareaofprojectriskmanagement. ABSTRACTItappliestobothcomputer-basedandpaper-basedtestingcandidatesForanyoneinvolvedinproject,program,andportfoliomanagement,the Lexiconisanessentialresourcetofosterunderstandingandconsistentusageofterminology