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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.

Quantitative Risk Analysis

Quantitative Risk Analysis Tools, Definition, Examples

During the life cycle of a project, team members encounter different types of risks. Those risks often have negative impacts on the project objectives. However, some of them have positive impacts....
What is Qualitative Risk Analysis Tools, Definition, Examples

Qualitative Risk Analysis Tools, Definition, Examples

What is qualitative risk analysis ? - Risk analysis is one of the most important steps in risk management. Some people think that spending more time with planning could be enough...
Residual Risks vs Secondary Risks examples infographic

Residual Risks vs Secondary Risks

Residual Risks vs Secondary Risks Residual Risks vs Secondary Risks - We face risks in our daily lives. In some cases, we try to avoid them. However, risks are inevitable situations that...
what is risk appetite

Risk Appetite | What is Risk Appetite?

What is Risk Appetite? - Risk Appetite is the degree of risk that an organization is prepared to accept in the wake of its objectives, before action is decided to be...
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...
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...
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...
Risk Appetite vs Risk Tolerance vs Risk Threshold

Risk Appetite , Risk Tolerance , Risk Threshold

Risk Appetite vs Risk Tolerance vs Risk Threshold Risk Appetite vs Risk Tolerance vs Risk Threshold is one of the most popular articles in projectcubicle.com. Risk Appetite, Risk Tolerance and Risk Threshold...
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...
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....
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...
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...