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The Practice Standard for Project Risk Management provides a benchmark for the project management profession that defines the aspects of Project Risk Management that are recognized as good practice on most projects most of the time. It covers risk management as it is applied to single projects only and is consistent with other PMI standards and can be used to validate the risk management process being employed in a specific situation, project or organization.
Written for project managers, project team members, supervisors and stakeholders, the Practice Standard for Project Risk Management outlines the principles of effective risk management:
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