Risk management

a case study examining the preparation of a U.S. Environmental Protection Agency "air quality criteria document"

In the August 1986 issue of Project Management Journal, several authors reported on PMI's effort to establish a project management body of knowledge, an effort known as PMI Project #121, an effort defining the processes of seven project management function areas: scope, cost, time, quality, human resources, contract/procurement, and communications. This article features the 1986 chair for the PMI Standards Committee arguing a case for expanding the seven areas to eight so as to recognize risk management as a core project management function. In doing so, it explains the nature of projects in relation to risk-taking and discusses the nature of managing risk and the process of managing responses to risk.
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