Which of these statements about the project risk analysis and management program is BEST?
A)Risk management is integrated throughout the project's life cycle.
B)The risk management strategy should be unwavering throughout the entire project life cycle.
C)The project manager should choose a small subset of all risk management tools.
D)Risk management is best handled using an ad hoc approach.

Question

Quizplus · Accepted Answer

Integrating risk management throughout the project's life cycle is considered the best approach to effectively identify, assess, and manage risks. This ensures that risks are constantly monitored and addressed, helping to minimize their impact on the project's success. Option B is not recommended as risk management strategies may need to be revised throughout the project life cycle. Option C would limit the project manager's ability to effectively manage risks. Option D is not recommended as an ad hoc approach to risk management can lead to important risks being overlooked.

Which of These Statements About the Project Risk Analysis and Management