7 FAQs – Project Risk Management

Harry Hall, PMP, PMI-RMP, ARM-E

In this presentation, we will walk through seven frequently asked questions about project risk management. After this presentation, you will know how to apply the risk management processes, resulting in better project results. These principles may be applied to projects, programs, or enterprise-level activities.

Curriculum for 7 FAQs

1. Risk Management Benefits

Discover the benefits of project risk management

2. Engaging Project Stakeholders

Learn to identify, analyze, and engage project stakeholders.

3. Defining a Project Risk Management Plan

Explore the value of a risk management plan and what to include.


4. Identifying Risks

Let's look at seven ways to identify risks. Plus, we will look at what to include in a risk register.


5. Evaluating Risks

Discover the differences between qualitative and quantitative risk analysis and when to use each. We will also walk through the Probability-Impact Assessment process.


6. Responding to Risks

Learn to identify and recruit risk owners and how to develop risk response plans including contingency plans and fallback plans.


7. Monitoring Risks

Let's look at what it means to monitor risks including monitoring agreed-upon response plans, track identified risks, identify and analyze new risks, and evaluate risk process effectiveness.


Supporting Articles

Lesson 3 of the PMI-RMP® Short Course

Project Management Templates

Rose Patti

President, middle georgia internal auditors Chapter

Harry spoke at our recent virtual quarterly meeting of the Institute of Internal Auditors - Middle Georgia Chapter. Although the session was virtual, it was quite interactive, and our chapter members enjoyed the topic and the presentation. We have received very positive feedback from several members on the presentation. We look forward to inviting Harry to speak at another chapter event in the future. 

Gisela Bellina

V.P. of Programs, chattanooga PMI CHapter

We had Harry present “Overview of Project Risk Management” at our Chattanooga chapter luncheon. He is an excellent speaker and provided a really good overview of project risk management in an hour! All of our chapter members enjoyed the presentation and found the material to be relevant to their roles and very interesting. We hope to have the opportunity to work with him again in the near future. I strongly recommend Harry as a presenter for one of your upcoming meetings as his presentations are full of content and will keep your audience engaged! 

“For organizations that apply a formal risk management approach, 73% of projects meet their objectives, 61% finish on time, and 64% are completed within the approved budget.” – PMI Pulse of the Profession® Report 

Harry Hall

Harry Hall, the Project Risk Coach, is a speaker, teacher, author, and blogger. He has implemented enterprise and Information Technology PMOs and enterprise risk management (ERM) programs in the financial, healthcare, and agricultural industries. Additionally, he loves to teach others how to speak Southern. Harry is a graduate of the University of Georgia and is a certified PMP®, PMI-RMP®, and has his Associate in Risk Management (ARM-E).