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Frequently Asked Questions - Risk Management

The P3M3 Risk Management perspective scope covers reviews the way the organization manages threats to, and opportunities enabled by, the initiative.

Risk management will maintain a balanced focus on threats and opportunities, with appropriate management actions to mitigate the likelihood of any identified risk occurring. Risk management will look at a variety of types of risk that affect the initiatives from internal and external sources. Risk management will focus on the tracking of the triggers that create the risk.

Mitigation will be innovative and use a number of options to reduce likelihood and impact. The management of risks will be embedded within the lifecycle and have a supporting process and structures in place to ensure that the appropriate levels of rigour are being applied, with evidence of interventions and changes being made to manage risks.

These guides, articles and videos provide help with some of the concepts and techniques