Risk management proces

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rahul.kanugo
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Risk management proces

Postby rahul.kanugo Fri Dec 15, 2017 6:10 am

Need expert advice if PM Does EEF is not a part of Risk management process, though PM is having little control over it. Further its PM duty to take knowledge from EEF and amend it according to there convience. like here in Question also threshold can be controlled by providing training or support to stakeholder. Kindly comment
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Prembalaji
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Re: Risk management proces

Postby Prembalaji Fri Dec 15, 2017 7:02 am

Lets Look at deriving the answer using elimination method

A : is directly taking about Risk Identification - very much an element of Risk management process
B: Risk Prioritization - very much an element of Risk management process
C: Risk Response plan, to be precise its contingency response plan (Known - Unknowns) - very much an element of Risk management process

D: Change the Risk Tolerance Threshold of stakeholder
As per PMBOK , the Risk Management process aims towards maintaining the risks within (or well under)the Risk Tolerance Threshold of stakeholder in order to have positive stakeholder engagement throughout the Project to ensure success , rather than changing the Risk Tolerance Threshold of stakeholder
Cheers,
PJ

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