What is project risk management? What is the significance and function of project risk management?

As we all know, project risk management refers to the management work of identifying the risks of engineering projects through risk identification, risk analysis and risk assessment, and on this basis, rationally using various risk response measures, management methods, technologies and means to effectively control the risks of the project, properly handle the adverse consequences caused by risk events, and ensure the realization of the overall objectives of the project at the lowest cost.

What is the significance of project risk management?

Project risk management uses various risk response measures, management methods, technologies and means to effectively control the risks of the project, properly handle the adverse consequences caused by risk events, and ensure the management of the overall objectives of the project at the minimum cost.

Risk management should be regarded as a necessary content integrated with project management, which is indispensable for improving the basic project planning process.

What is the function of project risk management?

1, judging the favorable change of the plan;

2. Confirm the necessity of these changes;

3, found that the risk factors are not obvious but have certain influence.

The relationship between risk management and project management By defining the project scope, we can define the project scope, subdivide the project tasks into more specific and manageable parts, and avoid the risks caused by omissions.

Generally speaking, project risk management can promote the scientific and rational decision-making of project implementation and help improve the quality of decision-making. Project risk management can promote the improvement of project organization and management benefits. Project risk management can provide a safe business environment for the project organization and ensure the smooth realization of the business objectives of the project organization.

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