Managing risk includes taking action to foster the likelihood of occurrence or the impact of such unfavourable events.
Correct Answer:
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Q2: Historical information from past projects is another
Q3: Some level of risk planning should be
Q5: Risk management involves identifying, assessing, and responding
Q6: involves identifying, assessing, and responding to project
Q8: includes taking action to prevent or minimise
Q9: Waiting for unfavourable events to occur and
Q12: Addressing risks will increase the chances of
Q14: Waiting for favourable events to occur and
Q15: With knowledge of potential risks, the contractor
Q15: Addressing risks proactively will increase the chances
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