What is Risk Threshold in Project Management?
Project Risk Coach
OCTOBER 3, 2022
In everyday life, a threshold is a strip of wood or stone that forms the bottom of a doorway. And we cross that threshold to enter a room. Projects have risk thresholds that we may cross. In this article, we will explore what a risk threshold is, why it matters, and look at some examples. What is Risk? The PMBOK® Guide, Seventh Edition defines risk as an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.
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