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Three Essential Elements of Risk

Latest Risk Doctor Briefing from French Project Management thought leader offers new clarification on definitions and issues

11 September 2014 – Dallas, London, Sydney – All risk management standards agree that the goal of risk management is to enhance the chances of success of the relevant endeavour. However each of them provides a different definition of risk: ISO31000:2009 calls it “effect of uncertainty on objectives”, the PMI PMBOK® Guide has “an uncertain event or condition that, if it occurs, has a positive or negative effect on the project’s objectives”, and the preferred Risk Doctor definition is “uncertainty that matters”. Each description is true, but only partly so. In the latest Risk Doctor Briefing, now available in the PM World Library, French project management expert Crispin (Kik) Piney provides some clarification. To read the article, go to the author’s showcase page in the library at and click on the article. Must be a logged in library member to access!