What is Risk Management in Project Management?
What is risk management in project management? It is the process used by project managers to minimize any potential problems that may negatively impact a project’s timetable.
Risk is any unexpected event that might affect the people, processes, technology, and resources involved in a project. Unlike issues, which are certain to happen, risks are events that could occur, and you may not be able to tell when. Because of this uncertainty, project risk requires serious preparation in order to manage them efficiently.