The more risks a team identifies and quantifies, the more the team reduces the amount of uncertainty on the project and gives the project manager the information necessary to build in sufficient contingency reserves to help ensure that a product is delivered as defined.

Question

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By identifying and quantifying risks, the team can better understand potential challenges and build contingency plans to mitigate them. This reduces uncertainty and increases the likelihood of successful project delivery.

The More Risks a Team Identifies and Quantifies, the More