Browsing All posts tagged under »Risk Response«

Program Management gets real in the Market to Market 2012

October 19, 2012 by


Program management involves orchestrating several inter-related projects.  Often times a program grows out of a large project. While reflecting upon a wonderful weekend of running with close friends and over 3,000 other friends, covering a distance of 78 miles in teams of six to eight, it dawned on me – that event was a perfect, […]

Risk Management Approaches

December 2, 2010 by


Weaving throughout the Business Analysis Body of Knowledge (BABOK), ISACA content & CobiT, Lean Six Sigma best practice and the Project Management Body of Knowledge (PMBOK) / PRINCE 2 is the concept of proactively managing risk.  Risk is based on a probability of an event occuring (positive and negative) and the impact should that even […]

Risk Treatment

May 4, 2010 by


Selecting how to respond to specific risks is called Risk Treatment. This may also include writing a plan and actually implementing these responses. Risk Treatment is not a term found in the fourth-edition PMBOK® but the concept is there nonetheless. The PMBOK’s Plan Risk Responses process is where one selects how to respond to individual […]