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Interview Question

Associate Project Manager Interview Bangalore (India)

How do you estimate the Cost and Risks in a Project?


Interview Answer

1 Answer


Project risks are a fact of life that every project manager must deal with. “Project risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective, such as time, cost, scope or quality," as defined by the Project Management Institute’s A Guide to the Project Management Body of Knowledge – Third Edition. Managing project risk involves analyzing and prioritizing risks so that the project manager and the team can focus their mitigation effort on the top risks

Charls Thankachan on Jun 11, 2012

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