Date Added: Nov 2010
Most project managers around the world are familiar with the term risk management. After all, it is one of the PMBOK Guides knowledge areas. Most of them learned what the authors needed to concerning risk and risk management to pass the certification exam. The actual use of it is another matter. Many of them simply do not understand how to perform risk management or find little use in this arcane portion of project management. Yet for many projects risk management is the determining factor between project success and project failure.