Sunday, August 17, 2008

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.

1 comment:

craige boyle said...

Organizations need to be assured the individuals that manage their projects can integrate methods to achieve sustainability goals and still achieve project specific objectives. Project Managers need credentials that validate their proficiency with these specialized qualities. PMP Certified and scrum certified project managers can learn, apply, and validate mastery of sustainability based project methods to meet these demands.

Recommended Books on PMP

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)