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Which elements are essential in a comprehensive risk management plan, and how do they contribute to effective risk mitigation? A . Risk identification and categorization

Which elements are essential in a comprehensive risk management plan, and how do they contribute to effective risk mitigation?
A. Risk identification and categorization to understand the nature and sources of risks
B. Quantitative risk analysis to determine the probability and impact of each risk
C. Risk response planning to outline actions for mitigating or accepting risks
D. Regular risk assessment reviews to update the risk management plan as the project evolves

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