Tuesday, September 17, 2019
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Risk Management

The Risk Management page of the projectcubicle.com includes articles and blog posts for the Project Management Professional ( PMP ) Certification.

Risk Response Strategies for Positive Risks

Risk Response Strategies for Positive Risks

Risk Response Strategies for Positive Risks - Risk is an unforeseen event that may have positive or negative effects on the project's objectives in case of its occurrence. Risks can be...
Risk Response Strategies for Negative Risks (Threats)

Risk Response Strategies for Negative Risks (Threats)

Risk Response Strategies for Negative Risks (Threats) Risk is an uncertain event or condition which has impacts the project objectives in case of its occurrence. This impact may be positive or negative....
Enhance Risk Response vs Exploit Risk Response Strategies

Enhance Risk Response vs Exploit Risk Response

Enhance Risk Response vs Exploit Risk Response Enhance Risk Response vs Exploit Risk Response - Risk response strategies are applied to identified risks. It is important to classify an identified project risk...
Monte Carlo Simulation Example and Solution

Monte Carlo Simulation Example and Solution

The Monte Carlo Simulation is a quantitative risk analysis technique which is used to understand the impact of risk and uncertainty in project management. It is used to model the probability...
Expected Monetary Value Calculation & Expected Monetary Value Examples Analysis and Calculation

Expected Monetary Value (EMV) Calculation

The Expected monetary value analysis (EMV) is an important concept in project risk management which is used for all types of projects to make a quantitative risk analysis. As a risk...
Contingency Reserve vs Management Reserve

Contingency Reserve vs Management Reserve

Have you ever heard contingency budget in project management? Actually, Contingency Reserve vs Management Reserve is an important topic for the PMP Certification exam. You may encounter some questions related to...
What is a project risk management plan and How to Write a Project Risk Management Plan

Project Risk Management Plan : A short Guide

People face risks in their everyday life. In a similar manner, project teams, companies, organizations, and even projects face risks in their life cycle. Based on the risk type and circumstances,...
Assumptions and constraints infographic

Assumptions and Constraints in Project Management

Assumptions and Constraints in Project Management If you are preparing for the PMP Certification exam, most probably you have thought about the examples of project constraints and assumptions and constraints analysis. Many...
Decision Tree Analysis Technique and Example infographic

Decision Tree Analysis Technique and Example

What is the importance of Decision Tree Analysis in project management? Today, we are going to discuss the importance of decision tree analysis in statistics and project management by the help...