1. Having the ability to manage risks is an essential skill for today's project managers. Risk...

Transcribed Image Text:

1. Having the ability to manage risks is an essential skill for today's project managers. Risk management in project management is the process of identifying potential risks before the project commences and creating a plan to mitigate those risks or prevent them from happening altogether. Risk management is about taking informed risk and understanding your organization's risk appetite. Analyse the steps in the risk management process and how the same can be strengthened. 1. Having the ability to manage risks is an essential skill for today's project managers. Risk management in project management is the process of identifying potential risks before the project commences and creating a plan to mitigate those risks or prevent them from happening altogether. Risk management is about taking informed risk and understanding your organization's risk appetite. Analyse the steps in the risk management process and how the same can be strengthened.

Answer rating: 100% (QA)

The risk management process in project management typically involves several steps that can be followed to identify assess mitigate and monitor risks Strengthening the risk management process involves ... View the full answer