Question: A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a 50% chance of rain, construction should
A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a 50% chance of rain, construction should continue. Another stakeholder says that if there is less than a 60% chance of rain, construction should continue. What should the risk manager do next to find out the correct limit? Perform a sensitivity analysis of the risk Review the agreed-upon risk tolerance Find out the stakeholders' risk appetite Use industry standard risk thresholds
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