Risk is defined as the uncertain event or condition that if occurs has a positive or negative effect on the project's objective. The project objectives can be classified into three; cost, schedule and performance. There are 5 steps on risk identification process which start from identification and end with monitoring. Based on these three project objectives please explain the project risk management process.explain it briefly and include exampl

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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d) Risk is defined as the uncertain event or condition that if occurs has a positive or negative
effect on the project's objective. The project objectives can be classified into three; cost,
schedule and performance. There are 5 steps on risk identification process which start
from identification and end with monitoring.
Based on these three project objectives please explain the project risk management
process.explain it briefly and include example

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