Project risk Management Project risk management is the art and science of identifying assigning and responding to risk throughout the life of a roject and in the best interests of meeting project objectives Risk management is often overlooked on projects, but it can help improve project success by helping select good projects, determining project scope, and developing realistic estimates 2021/2/21 AP2021/2/21 5 Project Risk Management ◼ Project risk management is the art and science of identifying, assigning, and responding to risk throughout the life of a project and in the best interests of meeting project objectives ◼ Risk management is often overlooked on projects, but it can help improve project success by helping select good projects, determining project scope, and developing realistic estimates