2.3. Assess and manage risks

Assess and Manage Risks Task includes the following enablers:

• Determine risk management options
• Iteratively assess and prioritize risks

To learn the Assess and Manage Risks Task you need:

1. 1. In the PMBOK Guide 7^th Edition, read chapters 3.10 (part ‘Standard’) and 2.8 (part ‘PMBOK’).
   2. Read chapters 5.18-5.22, 6.8, 7.10, 9 (Benefits management plan, Enterprise environmental factors, Final report, Lessons learned register, Organizational process assets, Probability and impact matrix, Project documents, Risk register, Risk management plan, Risk report, Work performance reports), and 10 (Assessment of other risk parameters, Assumption and constraint analysis, Audits, Contingent response strategies, Influence diagrams, Probability and impact matrix, Prompt lists, Representations of uncertainty, Risk categorization, Risk data quality assessment, Risk probability and impact assessment, Root cause analysis, Schedule compression, Sensitivity analysis, Simulation, Strategies for overall project risk, Strategies for threats, Strategies for opportunities, SWOT analysis) in the Process Groups: A Practice Guide.
   3. Read chapter 2 in the Agile Practice Guide.
   4. Read The Standard for Risk Management in Portfolios, Programs, and Projects.
   5. Watch and read an appropriate visual on PMIllustrated.com.
   6. Watch the videos:

7. Test your knowledge to complete the study of the task.