Weaving throughout the Business Analysis Body of Knowledge (BABOK), ISACA content & CobiT, Lean Six Sigma best practice and the Project Management Body of Knowledge (PMBOK) / PRINCE 2 is the concept of proactively managing risk. Risk is based on a probability of an event occuring (positive and negative) and the impact should that even… [Read more…]
May 4, 2010 by tapuniversity
Selecting how to respond to specific risks is called Risk Treatment. This may also include writing a plan and actually implementing these responses. Risk Treatment is not a term found in the fourth-edition PMBOK® but the concept is there nonetheless. The PMBOK’s Plan Risk Responses process is where one selects how to respond to individual… [Read more…]
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December 2, 2010 by David Kohrell
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