Risk management is needed to help foresee uncertainty

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Reference no: EM133661408

Question

Risk management is needed to help foresee uncertainty, any issues that can impact the project objectives, and take action to reduce or prevent the issues from occurring. Similarly, potential opportunities should be reviewed so action can be taken to take advantage of these positive events. Address the following questions. What is uncertainty? What are project risks? What is the purpose of risk management planning? Why are opportunities (positive risks) important in projects?

Reference no: EM133661408

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