Sunday, September 7, 2008

Risk Categories in Project Risk Management

Risk Categories can be classified as:

Technical, quality or performance risks
  • Technical changes
  • Changes to industry standards during the project
  • Reliance on unproven or complex technology
  • Unrealistic performance goals

Project Management Risk
  • Inadequate time and resources allocation
  • Ineffective project plan development
  • Poor cost estimates

Organization Risk
  • Resource conflicts with other projects
  • Inadequate project funding
  • Inconsistent management support

External risks
  • Union Issues
  • Changes of Management in customer's organization
  • Country security issues

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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)