PRINCE2® 2009 - Risk part 2
© Crown copyright 2009 All rights reserved. Material is reproduced with the permission
of the Cabinet Office under delegated authority from the Controller of HMSO.
of the Cabinet Office under delegated authority from the Controller of HMSO.
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.
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.
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.