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Risk Management Prep Exam PMI-RMP

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Throughout this Course, you will see many exercises. These have been developed based on

accelerated learning theory and an understanding of difficult topics in risk management.

It is important to make sure you do these exercises, rather than jumping right to the

answers. Do not skip them, even if their value is not evident to you. The exercises and

activities are key benefits of this book, whether your goal is to pass an exam or simply to

improve your project management abilities.

Each chapter is concluded by a chapter review. This review includes key concepts, key

terms, a matching game, and questions for discussion. Make sure you can honestly say

that you understand each of the key concepts and know each of the key terms. If not,

go back and reread the chapter. Then play the matching game to make sure you are

comfortable with these concepts. Lastly try to complete the questions for discussion.

Risk management involves minimizing the consequences of adverse events as well as

maximizing the results of positive events. Therefore, risks can be good or bad events,

referred to in this book as opportunities or threats.

It is essential that potential good events (opportunities)

are included in risk management. Such identification

allows the team to take advantage of opportunities

presented by the project. The things that go right

(cheaper parts, an activity completed faster than

scheduled) are what give you an edge over the things

that go wrong.