How can risk assessment help inform decision-making in project management?
- By identifying potential risks and their potential impact on project goals
- By delegating risk management tasks to specialized teams
- By eliminating all risks before proceeding with project execution
- By ignoring risks and focusing solely on project timelines and budgets
Risk assessment provides valuable insights into potential risks and their potential impact on project objectives, enabling informed decision-making. By understanding the likelihood and consequences of risks, project managers can develop proactive strategies to mitigate or manage them effectively, thus minimizing the likelihood of project delays or failures.
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