Question: asap Risk management is a process for identifying, assessing, and minimizing hazards in a project. It incorporates quantitative and qualitative approaches for categorizing risks in
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Risk management is a process for identifying, assessing, and minimizing hazards in a project. It incorporates quantitative and qualitative approaches for categorizing risks in terms of their propensity to cause issues. Large organizations, such as government agencies and enterprises, develop project risk management rules to ensure that they have a consistent approach in place for every new proposal. Define the following risk tools and provide examples for each. 1. Expert Judgement (4 marks) 2. SWOT Analysis (4 marks)
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