Exam 8: Managing Risk

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The risks should be those that are somewhat likely to occur and/or can have a significant positive impact on achieving the project objective.

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Historical information from past projects is another source that can be helpful in identifying possible risks.

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Risk management involves identifying, assessing, and responding to project risks in order to minimise the likelihood of occurrence and/or potential impact of adverse events on the achievement of the project objective.

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Addressing risks will increase the chances of achieving the project objective.

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are a good forum for regularly reviewing, updating, and addressing risks.

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