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Risk Management in PRINCE2 | Prince2 Certification Mumbai - World Of Agile

PRINCE2 defines a risk as an uncertain event or set of events that, should it occur, will have an effect on the achievement of objectives. It consists of a combination of the probability of a perceived threat or opportunity occurring, and the magnitude of its impact on objectives. PRINCE2u00ae is a globally recognized Project Management Standard developed by the Cabinet Office UK. PRINCE2u00ae is a acronym which stands for Projects in Controlled Environment. If you want to know more about us visit us at, http://www.worldofagile.com/agile-scrum-management/PRINCE2-Training-Mumbai/

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Risk Management in PRINCE2 | Prince2 Certification Mumbai - World Of Agile

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  1.   Risk Management in PRINCE2 | Prince2 Certification  Mumbai - World Of Agile    What is risk?    PRINCE2 defines a risk as an uncertain event or set of events that, should  it occur, will have an effect on the achievement of objectives. It consists of  a combination of the probability of a perceived threat or opportunity  occurring, and the magnitude of its impact on objectives, where:    ● Threat is used to describe an uncertain event that could have a  negative impact on objectives  ● Opportunity is used to describe an uncertain event that could have  a favourable impact on objectives    In the context of a project, it is the project’s objectives that are at risk.  These will include completing the project to a number of targets, typically  covering time, cost, quality, scope, benefits and risk.    What is risk management?    The term risk management refers to the systematic application of  procedures to the tasks of identifying and assessing risks, and then  planning and implementing risk responses.    For risk management to be effective as per ​PRINCE2​, risks need to be:  Identified, Assessed and Controlled.    The Project may need to align its risk management approach with  organisational, programme or portfolio policies standards and processes.    PRINCE2 recommends a risk management procedure comprising the  following five steps:    ● Identify (context and risks)  ● Assess (i.e. Estimate and Evaluate) 

  2. ● Plan  ● Implement  ● Communicate    The first four steps are sequential, with the ’Communicate’ step running in  parallel because the findings of any of the other steps may need to be  Communicated prior to the completion of the overall process.    For More Information, Follow the Links below-    Website - ​https://worldofagile.com/  Facebook - ​https://www.facebook.com/Fascinating.World.Of.Agile/  Twitter -​ https://twitter.com/WorldOfAgile  LinkedIn - ​https://www.linkedin.com/company/world-of-agile/  YouTube - ​https://www.youtube.com/c/WorldOfAgile      Tags - ​Scrum Master Certification​, ​Scrum Master Certification Mumbai​, ​Scrum Master  Certification Pune​, ​Certified Scrum Master Training in Delhi​, ​Scrum Master Certification  Kolkata​, ​CSPO Certification​, ​Agile Scrum Master Certification Online​, ​Advanced Certified  Scrum Master Training​, ​DevOps Training​, ​Prince2 Certification​, ​PMP Certification​,​ ITIL  Certification 

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