Chapter 1
Foundations of Project Management
Course: Pmp Test Prep
Subject: Pmp
Chapter: Risk Performance Domain And Tailoring 5506 10752
This lesson completes the Risk performance domain — and, with it, all seven performance domains — by covering how risk management is tailored to fit each project, how the domain interacts with the others, and how a project manager confirms that risk management is genuinely working. Tailoring is guided above all by the organization's risk appetite and threshold, and by the project's size, complexity, and strategic importance: a small, routine project needs a light process, while a large, high-stakes, innovative one needs a rigorous one.
For the aspiring project manager, the key insight is that risk is inseparable from the value-defining domains — a risk almost always shows up as a scope, schedule, or cost impact — and that risk success is measured by resilience and minimal disruption, not by the absence of risk.