Risk Management in Project Management

Project management

Table of Contents
INTRODUCTION...........................................................................................................................3
PART A...........................................................................................................................................3
PART B...........................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Hazard the executives is by all accounts chance examination, appraisal and asset allotment joined
by incorporates the level utilization of assets to decrease, organize and deal with the probability
of awful conditions or to produce expected beneficial outcomes in future. In this report, hazard
register or table enumerating all the hazard which can affect hazard legend/scale is likewise
arranged to show the hazard be progressively express. In next part significance of hazard register
is additionally examined with regards to following danger.
PART A
Risk Matrix
Negligible Minor Moderate Significant Severe
5 Very
Likely
Low
Medium Medium Medium
High High High
4 Likely Low Low
Medium Medium Medium
High High
3 Possible Low Low
Medium Medium Medium
High
Medium
High
2 Unlikely Low Low
Medium
Low
Medium Medium Medium
High
1 Very
Unlikley Low Low Low
Medium Medium Medium
PART B
Risk is known as an event that has probability of occurring and it can have a negative or positive
impact on project. It is very important for the project managers to evaluate that there are no risk
while doing the project so that targets and goals can be achieved in specified time. it can be
explained that if there is a cause which is required related to environmental permit for the present
project 10 there are some limitations for designing the project in more well mannered way. Risk
management is defined as an ongoing process which continues throughout the project
life.concepts of managing the various processes like risk management planning, identification,
analysis, monitoring and control. The risk identification starts with initiation of project and the