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PRINCE2 2009 - Risk part 5



The PRINCE2 approach

Management of Risk (M_o_R®) principles

PRINCE2®’s approach to the management of risk is based on OGC’s publication Management of Risk: Guidance for Practitioners (2007).
Management of risk is based on a number of risk management principles, of which the following are appropriate within a project context:

  • Understand the project’s context
  • Involve stakeholders
  • Establish clear project objectives
  • Develop the project risk management approach
  • Report on risks regularly
  • Define clear roles and responsibilities
  • Establish a support structure and a supportive culture for risk management
  • Monitor for early warning indicators
  • Establish a review cycle and look for continual improvement.

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.
M_o_R® 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.