Title: Introduction
Course: System Analysis and Design: Project Mana gement (17338) > Section: Competency Modules

Project risk management is the art and science of identifying, analyzing, and responding to risk throughout the life of a project and in the best interests of meeting project objectives. Risk management can have a positive impact on selecting projects, determining the scope of projects, and developing realistic schedules and cost estimates. It helps project stakeholders understand the nature of the project, involves team members in defining strengths and weaknesses, and helps to integrate the other project management knowledge areas.