Appendix C: Risk Management*

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Appendix C outline

Introduction

Risk management activities are designed to assist the project manager and team members in understanding project risks and the probability and consequences of failure, and to plan appropriate responses. In recent years, risk management has moved up in importance as project managers realize the benefits to be attained by an aggressive risk management program. Risks can be either internal or external to the project, and risk analysis addresses both good and bad (opportunities and risks).

Risk management is an ongoing iterative process that follows the life cycle Risk planning is ...

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