Business Risk and Insurable Risk in PMP
Business Risk is:
- When undertaking a new project, an organisation takes a business risk based on the assumption that the project has a potential for both profit and lost.
Insurable Risk is:
- Focuses on the potential for loss. Campanies often purchase insurance to offset these risks.
Suggested Study Materials
- PMP-Preparation Recommended Books
- PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
- A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
- The PMP Exam: How to Pass On Your First Try (Test Prep series)
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