... $CH5 09-06-02 14:59:42 PS133Risk Management effect. They can produce benefits for the project, or they can produce lossfor the project. The Guide to the Project Management Body of Knowledge(PMBOK)defines ... 5Risk Management Risk management is one of the most important areas of project man-agement that must be considered. Companies that want to competewith one another have adopted project management ... for the Project Management Professional Certification ExamTable 5-4. Worst-case and best-case situations.Risk Event Impact Probability Expected Value Project cost מ2,000,000 מ2,000,000Project...