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2.4.1.10.7 Project risk

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The Project Management Institute (PMI) defines project risk as an uncertain event or condition that, if it occurs, has a positive or negative effect on a project objective. A risk has a cause and, if it occurs, an impact.[103] A project risk can be internal to the business, it can involve external events, or it can stem from any other circumstances that can hamper the project’s overall success and result in loss to the firm undertaking it.

Non-financial Risk Management in the Financial Industry

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