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Describe the risk management planning processes

Describe the risk management planning processes

Answers

1. Risk management planning: deciding how to approach and plan the risk management activities for the project
2. Risk identification: determining which risks are likely to affect a project and documenting their characteristics
3. Risk assessment: Risk assessment provides a basis for understanding how to deal with project risks.
4. Risk strategies
- Determining how to deal with the various project risks.
- In addition to resource constraints, an appropriate strategy will be determined by the project stakeholders' perceptions of risk and their willingness to take on a particular risk.
5. Risk monitoring and control
- Risk owners should monitor the various risk triggers so that well-informed decisionsand appropriate actions can take place.
6. Risk response planning: taking steps to enhance opportunities and reduce threats to meeting project objectives.
7. Risk evaluation

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francis1897 answered the question on March 14, 2023 at 09:19

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