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This Concept Map, created with IHMC CmapTools, has information related to: Project Risk Management Overview, Project Risk Management best practices Recognizing uniqueness of risks, Project Risk Management mistakes Not applying a standardized approach, Project Risk Management mistakes Not providing adequate time for risk management, Project Risk Management best practices Risk ownership, Risk ownership involves Risk monitoring, Project Risk Management mistakes Not understanding benefits of risk management, Commitment by stakeholders i.e. making sure processes are followed, no short cuts, Project Risk Management is about Identifying Risks, Project Risk Management provides Earnly warning system, Risk ownership involves Allocation of resources to manage risk, Project Risk Management is a Set of Processes, Project Risk Management is about Reducing Risks, Project Risk Management best practices Commitment by stakeholders