Friday, January 18, 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.

Negative Risk Response Strategies

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 it's occurrence. This impact may be positive or negative. Risk...
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 as positive or negative to apply the most...
What is Monte Carlo Simulation

Monte Carlo Simulation: A Risk Analysis Technique

Monte Carlo Simulation: A Risk Analysis Technique The Monte Carlo Simulation is a quantitative risk analysis technique which is used to understand the impact of risk and uncertainty in project management. Although...
Expected Monetary Value Calculation & Expected Monetary Value Examples

Expected Monetary Value (EMV) Calculation

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

Contingency Reserve vs Management Reserve

Contingency Reserve vs Management Reserve Contingency Reserve vs Management Reserve is an important topic for PMP Certification exam. You may encounter some questions related with the reserves. Calculating reserves is a part...
Project Risk Management Plan

Project Risk Management Plan : A short Guide

Project Risk Management Plan : A short Guide Project Risk Management Plan - People face with risks in their everyday life. Likewise people, companies, organizations and projects face with risks in their...
Decision Tree Analysis -The Expected Monetary Value (EMV)

Decision Tree Analysis Technique for Decision Making

Effective decision making process is vital for all organizations. It is the process of making a selection among other alternatives. Mostly uncertain circumstances may effect all the judgements. In the existence of...
Assumptions and Constraints in Project Management

Assumptions and Constraints in Project Management

Assumptions and Constraints Assumptions and Constraints - Many projects begin with limited accuracy. Only a few of them begin with adequate certainty. Some issues and facts are known at the beginning but most...