Propinquity Notes: Definitions & Explanations PDF | Download eBooks
Study Propinquity lecture notes PDF with project management definitions and explanation to study What is Propinquity?. Study propinquity explanation with project management terms to review project management course for online MBA programs.
Propinquity Definition:
Degree to which a risk is perceived to matter by one or more stakeholders is called propinquity.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Propinquity Notes:
Risk assessment is very important in project management as each and every project experiences risks and uncertainties. The risks can have negative effect on the project objective and have a likelihood of occurrence during the project. In addition to these, risks can also have other characteristics. One of these characteristics is propinquity. A risk is associated with the perception of different people. Propinquity refers to the level to which one or more stakeholders of the project perceive the potential risk. Propinquity is related to the prioritization of the potential risks. When any stakeholder considers a risk to be very important, that risk must be managed effectively to reduce its impact. Whenever a risk is perceived as very significant and important, the propinquity of the risk is very high.
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