BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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start
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design
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closing
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implementation
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Detailed explanation-1: -Level of uncertainty (risk of failing) and Stakeholders; Influence is: highest at the start of the project.
Detailed explanation-2: -Explanation. Stakeholder influences, risks and uncertainty are the highest at the start of the project.
Detailed explanation-3: -So the level of uncertainty and risk is highest during the Conceptual and Development Phases and, as more information about the project is known, it will gradually be reduced through the Execution Phase.
Detailed explanation-4: -Project risk is highest during the: concept stage of the project life cycle. The period of highest risk impact for a project is in the: Concept stage of the project life cycle.
Detailed explanation-5: -When to Identify Risks. The risk has to be identified at all stages of the project, as it’s an iterative process, but the risks are always greatest at the beginning of projects. At the beginning of the project, the uncertainty is high because of a lack of information at the beginning of the project.