What role does risk assessment play in resource allocation planning?
- It helps in identifying potential risks and allocating resources accordingly
- It has no impact on resource allocation decisions
- It increases resource allocation for high-risk tasks
- It decreases resource allocation for low-risk tasks
Risk assessment plays a crucial role in resource allocation planning by identifying potential risks associated with different project tasks. By allocating resources based on risk levels, organizations can prioritize tasks and allocate resources effectively to mitigate risks and ensure project success.
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