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1. What is the CONCEPT OF RISK in project management (meaning and elements related to it)? 2. If a critical risk is discovered, how should

1. What is the CONCEPT OF RISK in project management (meaning and elements related to it)?

2. If a critical risk is discovered, how should the manager communicate the effect of the risks to senior management?

3.What is the importance of having a risk management plan in a project. Provide an example that illustrates what can happen if a project fails to properly manage project-related risks.

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