Clarity Glossary for Project and Portfolio Management

Risk Management

Risk management refers to the identification, assessment and management of project risks.

Explanation

In risk managementRisk ManagementSynonym for → RisikomanagementEnglischer Begriff für Risikomanagement., potential risks of a project are identified and assessed at an early stage. The goal is to minimize possible negative impacts on project objectives.

Risks are analyzed, prioritized and addressed with appropriate measures. Examples include risk avoidance, risk mitigation or contingency plans.

Effective risk management increases the likelihood that projects are completed successfully.

Synonyms and Abbreviations

  • Project Risk Management: Risk management specifically within a project context.
  • Risk Mitigation Management: Management of actions to reduce risks.
  • Risk Governance: Oversight and control of risks within projects or portfolios.

Insights About Clarity and itdesign

Your battery is almost empty.