Critical Success Factors for Effective Risk Management
Critical Success Factors for Effective Risk Management
Critical Success Factors for Effective Risk Management
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What is a risk?“An uncertain event or set of circumstancesthat, should it occur, will have an effect onachievement of project objectives”(APM PRAM Guide)<strong>Risk</strong> connects uncertainty with objectives“The combination of the probability of anevent and its consequences”(IRM/AIRMIC/ALARM RM Standard)© 2004 David Hillson/<strong>Risk</strong> Doctor LimitedRD/APM-IRM/5Feb04/9
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