The purpose of risk management is to maximize the events that cause project success and to minimize those that hamper it. Risk management includes risk management planning, risk identification, risk analysis, creating a risk response plan and monitoring and controlling risk on a project.

"Data Privacy & Compliance: Overview of global and Indian laws safeguarding personal data. "

Project scope management includes processes required to ensure that project includes all the work and only the work required to complete the project successfully. Scope defines the work that has to be completed to deliver product / service with specified features and functions.

Cost management includes processes that ensure that the project is completed within the approved budget. The processes included here are Resource planning, Cost estimating, Cost budgeting and Cost Control