Project Management: Risk Management | What is risk in project management?

This video explores the meaning of risk in project management. Find out how to effectively manage risk on your projects. Risk management is a process that allows individual risk events and overall risk to be understood and managed proactively, optimising success by minimising threats and maximising opportunities and outcomes.

Risk management is focused on anticipating what might not go to plan and putting in place actions to reduce uncertainty. Risk is any uncertainty that, if it occurred, would have an impact on one or more project objectives.

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[pdken]

I always say risk identification and management is the basis of good project management.