Certification Summary

PMP candidates must have a firm grasp on how to plan for, monitor, and control projects’ risks. To effectively handle risks, the project manager needs to begin with risk management planning. A large, complex project will likely have more risks than a smaller project. In any situation, however, risks must be identified and planned for. The performing organization will often have risk management policies that dictate how the risk planning sessions are to be performed and what level of risks call for additional planning.

Some stakeholders—and organizations—will be more tolerant than others of accepting risks.