Handling Risk

Risks are a project constraint. A risk is a possible event that would have a positive or negative consequence to the project. The PMBOK glossary defines a risk as "an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives."

PMI's ways to handle a risk: avoid risk, transfer risk, mitigate risk, accept risk, exploit risk, enhance risk, share risk

Related: plan risk responses, risk management, identify risks, plan schedule management, risk register, risk management plan, SWOT, SWOT analysis

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Lists of risks to consider: