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11. Project Risk Management

This Chapter covers the 6 processes related to Project Risk Management. 5 of these processes fall in the Planning Process group and the last one falls in Monitoring and Controlling process group. Developing a Risk Management Plan, identify project risks, ranking the risks as per the probability and impact and analysing the impact on the project objectives, planning risk responses are some of the goals of this knowledge area.
SECTION 11.0
INTRODUCTION
This section provides an introduction about the project risk management knowledge area and also defines the 6 processes within.
SECTION 11.1
PLAN RISK MANAGEMENT
This section provides details about the ITTOs for the Plan Risk Management process and the contents of the risk management plan.
SECTION 11.2
IDENTIFY RISKS
This section details the process of identifying the project risks based on the process outlined in the Risk Management Plan
SECTION 11.3
PERFORM QUALITATIVE RISK ANALYSIS
This section details the process of qualitative risk analysis wherein the identified risks are ranked using the Probability and Impact ratings
SECTION 11.4
PERFORM QUANTITATIVE RISK ANALYSIS
This section provides details about the process of analysing the impact on the project objectives based on  the PI matrix
SECTION 11.5
PLAN RISK RESPONSES
This section details about the process of coming up with the different types of responses to increase opportunities and reduce threats
SECTION 11.6
CONTROL RISKS
This section details about the process of implementing the response plans, tracking the identified risks, monitoring residual risks among others