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PRINCE2® 2009 - Risk part 2



Risk defined

What is a risk?

A risk is an uncertain event or set of events that, should it occur, will have an effect on the achievement of objectives.
It consists of a combination of the probability of a perceived threat or opportunity occurring, and the magnitude of its impact on objectives, where:

Threat

Is used to describe an uncertain event that could have a negative impact on objectives.

Opportunity

Is used to describe an uncertain event that could have a favourable impact on objectives.

Risk management is a large area and is covered in depth in ‘The Complete Risk Management package’.

PRINCE2® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.

Non - PRINCE2 information

This product contains EVERYTHING in the publications:

Managing Successful Projects with PRINCE2 - 2005 edition
Managing successful Projects with PRINCE2 – 2009 edition
Directing Projects with PRINCE2.
plus:
The Complete Project Management package.

And much more besides - at a fantastic price.