project management glossary

risk analysis and management for projects (ramp)

 A comprehensive framework within which risks can be managed effectively and financial values placed upon them. RAMP aims to achieve as much certainty as possible about a long term and uncertain future. In the case of a new project, the RAMP process covers the project's entire lifecycle, from initial conception to eventual termination. The process facilitates risk mitigation and provides a system for the control of the remaining risks.

risk analysis histogram

 A view in which the results of risk analysis are displayed as vertical bars, S-curves, or tables against a date scale.

risk analyst

 An individual whose primary task is the identification and evaluation of risks during the risk review.

risk and contingency management

 The process of identifying, analyzing and responding to risk events throughout the project life cycle in a manner that is in the best interests of the project's objectives and its success indicators.