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Which of the following is true regarding classifying and recording risks? Contingencies are needed for all identified risks. The risk register should be updated as

Which of the following is true regarding classifying and recording risks?

Contingencies are needed for all identified risks.

The risk register should be updated as a project progresses.

Risks are initially identified during the Planning Phase of a project.

A low probability risk has little negative effect on the success of a project.

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