How to Get a Job For Project Managers

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Leadership for Project Managers

Learn how to lead and drive project success.

Project Management Bootcamp

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

Risk

An uncertain event or series of events that, if it occurs, can influence project objectives, potentially helping or harming the project outcome.

Key Points

  • Risk can be a threat (negative) or an opportunity (positive).
  • Risk management is continuous: identify, analyze, plan responses, implement, and monitor.
  • Prioritize risks by probability and impact, considering risk appetite, tolerance, and thresholds.
  • Track risks in a risk register or risk-adjusted backlog, assign owners, and define response strategies.

Example

A supplier might not deliver a critical API by Sprint 3, delaying integration (threat). Alternatively, an early beta program could speed feedback and boost adoption (opportunity). Both are uncertain events that can influence scope, schedule, or value.

PMP Example Question

Which statement best describes a project risk?

  1. A problem that has already occurred and requires immediate resolution.
  2. A certain future event that will negatively affect scope.
  3. An uncertain event or set of events that may affect project objectives positively or negatively.
  4. A variation from plan that is always reduced by adding contingency reserves.

Correct Answer: C — An uncertain event that can help or hurt project objectives

Explanation: A risk is uncertain and can have positive or negative effects on project objectives; issues are problems that have already occurred.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



Take Control of Project Performance!

HK School of Management helps you go beyond status reports and gut feelings. In this advanced course, you’ll master Earned Value Management (EVM) to objectively measure progress, forecast outcomes, and take corrective action with confidence. Learn how WBS quality drives performance, how control accounts really work, and how to use EAC, TCPI, and variance analysis to make smarter decisions—before projects drift off track. Built around real-world examples and hands-on exercises, this course gives you practical tools you can apply immediately. Backed by our 30-day money-back guarantee—low risk, high impact for serious project professionals.

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