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Project Risk Management 1 . Why is risk management crucial to project planning and delivery? 2 . Summarise the steps in managing project risk and

Project Risk Management
1. Why is risk management crucial to project planning and delivery?
2. Summarise the steps in managing project risk and identify the role each plays in
proactive risk management.
3. Explain the application of the probability and impact matrix and the benefits it delivers.
4. What are the common risk response strategies for both threats and opportunities
throughout the project?
5. What are the individual actions required to be performed under risk control?

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