Why is it important to periodically review and update risk assessments?
- To adapt to changing project conditions and identify new risks
- To save time and resources by avoiding unnecessary reviews
- To maintain consistency in project documentation
- To delegate responsibility to team members for risk management
Periodically reviewing and updating risk assessments ensures that projects remain aligned with evolving circumstances and new risks are identified and managed effectively. It allows teams to adapt their strategies and responses to changing conditions, ultimately reducing the likelihood of unexpected issues impacting project success.
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