The PRAM model for risk management proposes that risk management follow a life cycle much as projects follow a life cycle.

Name: The PRAM model for risk management proposes that risk management follow a life cycle much as projects follow a life cycle.
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The PRAM model follows a risk management life cycle that includes four phases: planning, risk assessment, risk treatment, and review & communication. This is similar to the project management life cycle of initiation, planning, execution, and closure.

The PRAM Model for Risk Management Proposes That Risk Management