1. Qualitative Risk Analysis and Management
(Project Management Institute, 2009). ... The risk management system assesses each identified risk for its probability of occurrence and its impact on project objectives. ... Every risk management system requires risk response planning. ... Risk Control & Monitoring will also be the part of risk management system. Risk control and monitoring are part of the risk management process and must be started early in the project and continued until the end. ...
- Word Count: 694
- Approx Pages: 3
- Grade Level: Undergraduate