ABSTRACT
This chapter discusses the ways in which risk management can and should be integrated with the wider project management process. This integration is evident on two levels: firstly ensuring that risk management is built into the project lifecycle; and secondly making clear connections between the outputs of the risk process and other project management processes. However the outputs from the risk process have much wider applicability than the obvious identification and management of individual risk events and overall project risk exposure. Every project management standard or guideline seems to have a separate terminology, dividing the life of a project into a set of phases which differs from the others. It is hardly surprising therefore that risk management should be an integral part of the way projects are managed. It is important however to know at which points in the project lifecycle risk management is relevant.
