Project Risk Management
A risk is something that may happen and if it does, will have
an adverse impact on the project. A few points here. "That may
happen" implies a probability of less then 100%. If it has a
probability of 100% - in other words it will happen - it is an
issue. An issue is managed differently to a risk. A risk must also
have a probability something above 0%. It must be a chance to happen
or it is not a risk.
.
-
US Based World’s leading non-profit professional association for project managers, with over 125000 members in 140 countries.
Started with 5 volunteers in 1969 – celebrating 35 years of service
Involved in advancing project management through developing professional standards, certifying project managers, and with many other professional development activities.
About
PMI Colombo Chapter
The
origin of the project management
institute (PMI) in Sri Lanka
was a result of an increased
awareness of the importance
of project management due to
the fast pace and global orientation
that demands the professions
today. Project management may
possibly be elucidated as to
how cautious organization and
planning helps towards accomplishing
a task efficiently on time.
The request to establish a Sri
Lankan counterpart was sent
on the 18th July 2003 and was
followed with a prompt response
by the PMI headquarters as to
the procedure of the formation
of a new chapter. Once the required
criterion was fulfilled the
request for the Sri Lankan chapter
was approved on the 11th November
2003 by the then PMI CEO Mr.Greg
Balestro.
The subsequent phase was to recruit a minimum of 25 members to initiate the chartering process which was possible in a short time span although PMI was not well renowned in Colombo. All these were accomplished on the initiative and tireless efforts of former CEO of Mobitel Mr. Lalith De Silva, Mrs. Madhu Fernando PMP and other board members. Thereafter the PMI Colombo Chapter was formed and a public launch was successfully executed at JAIC Hilton in September 2004. The impressive number of membership and the positive response from them enabled the PMI Colombo chapter to achieve charter status in January 2005.
