According to Gido and Clement (2015:287), another approach to identify risks of a project is to establish risk categories. Identify and appraise the risk categories. Thereafter, identify and critically discuss the risks associated with each category of the BP Oil Spill case study project.

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Establishing risk categories is a systematic approach to identify and categorize potential risks that may affect a project By organizing risks into categories project managers can effectively manage a... View the full answer