Get premium membership and access questions with answers, video lessons as well as revision papers.

What are the reasons for risk management?

      

What are the reasons for risk management?

  

Answers


Francis
1. Makes aggressive risk-taking possible
2. Decriminalizes risk
3. Sets up projects for success with honest evaluation of issues
4. Bounds uncertainty
5. Provides minimum-cost downside protection
6. Protects against invisible transfers of responsibility
7. Save part of a failed effort
8. Maximizes opportunity for personal growth
9. Protects management from getting blindsided
10. Focuses attention where it is needed
francis1897 answered the question on March 14, 2023 at 09:07


Next: What is the importance of project risk management?
Previous: Describe the concept risk utility

View More Management of IT Projects Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions