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Quality Management Integration Management Each of these management areas consists of processes, tools and techniques that are produced and/or applied to some degree during the course of any project. The following set of illustrations depict the project management life cycle, knowledge areas, and processes used: 1.2.5.
Risk management is an integral part of IT project management, as reflected in the. categorization matrix and project scoring mechanisms. Risk has three fundamental. elements: nature of the possible disruptive event; the probability that an event will occur; and the impact should the event occur (Cooke, 2005).