What is the purpose of identifying risks in a project?
- To allocate more resources to the project
- To increase project duration
- To proactively address potential issues that may impact project objectives
- To reduce project scope
Identifying risks in a project allows project teams to proactively address potential issues before they escalate and negatively impact project objectives. By recognizing risks early, teams can develop strategies to mitigate or eliminate them, increasing the likelihood of project success.
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