Friday, January 9, 2009

Negative Risk Strategies

Preventive Action in Negative Risk Strategies include:
  • Risk avoidance
    Attempts to eliminate the risk altogether.

  • Risk Transference
    Passes the liability of a risk to another party.

  • Risk Mitigation
    Reduces the probability and/or impact of the occurences of a risk event.

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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)