While individuals deal with risk issues daily, many conversations consider risk events after they have proven true.
Project management proactively considers risk events as they would impact the project and plans for approaches to minimize the risk as it relates to the priorities of quality, cost, and time.
Define risk management and provide a personal example of how risk management could prevent deliverables from your life from becoming overdue, too expensive, or of poor quality.
Discuss the terms mitigation, acceptance, avoidance, and transference as they relate to project management.
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