⬅ Previous Next ➡ 🔹 Lesson 1: Risk Management in RBPM Lesson Objectives By the end of this lesson, learners should be able to: Understand the concept of risk and its importance in RBPM. Identify different types of project risks. Apply practical steps to assess, mitigate, and monitor risks. Integrate risk management into project planning and decision-making. Introduction All projects, regardless of size or sector, face uncertainty and potential challenges that can affect outcomes. In Result-Based Project Management (RBPM), risk management is a proactive approach to identify, assess, and reduce the likelihood or impact of risks on achieving project results. Effective risk management ensures that projects remain on track, achieve intended outcomes, and maximize impact , while minimizing resource wastage and negative consequences. In RBPM, risks are considered in relation to results , meaning risks are assessed based on how they could affect...