Friday, July 19, 2019
Home PMP Risk Management

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 Negative Risks (Threats)

Risk Response Strategies for Negative Risks (Threats)

Risk Response Strategies for Negative Risks (Threats) Risk Response Strategies for Negative Risks - Risk is an uncertain event or condition which has impacts the project objectives in case of its occurrence....
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...
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

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

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 PMP Certification exam. You may encounter some...
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,...
Decision Tree Analysis -The Expected Monetary Value (EMV)

Decision Tree Analysis Technique and Example

Today, we are going to discuss the decision tree analysis in statistics and project management by the help of decision tree example problems and solutions. Effective decision-making process is vital for...
Assumptions and Constraints in Project Management

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 ....