This is an update and expansion upon PMI's popular reference, The
Practice Standard for Project Risk Management. Risk Management
addresses the fact that certain events or conditions may occur with
impacts on project, program, and portfolio objectives. This standard
will: identify the core principles for risk management; describe the
fundamentals of risk management and the environment within which it is
carried out; define the risk management life cycle; and apply risk
management principles to the portfolio, program, and project domains
within the context of an enterprise risk management approach It is
primarily written for portfolio, program, and project managers, but is a
useful tool for leaders and business consumers of risk management, and
other stakeholders.