PJM410 MOD7 Discussion PostPlease respond in at least 250 words and APA formatted citations RequiredChapter 11 in Project Risk Management: A Practical Implementation ApproachChapter 11.7 in A Guide to the Project Management Body of Knowledge (6th ed.)RecommendedAllen, S. (2015). Risk research trends in the project environment. Journal of Management & Engineering Integration, 7(2) 28-36. Horne, J. R. (2017). Another look at project risks. A multidimensional perspective. Journal of Modern Project Management, 88-93. ReferencesBissonette, M. (2016). Project risk management: A practical implementation approach. Newtown Square, Pennsylvania: Project Management Institute. Larson, E. W. & Gray, C. F. (2018). Case Study 7.3. In Project management the managerial process (5th ed., pp. 255-256). New York, NY: McGraw-Hill Education. Project Management Institute. (2017). A guide to the project management body of knowledge: (PMBOK® guide) (6th ed.). Newtown Square, PA, USA: Project Management Institute.We’ve talked about risk treatment and how the risk management plandocuments the actions needed when a risk becomes an issue, but where dothe contingency funds come from? Contingency planning is part of therisk management planning process. Define contingency planning anddiscuss when you would use it. Talk about the contingency planningstrategies for each type of risk.
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