Question: When approving the risk contingency budget for a project, the CEO notices each team has a different approach to report risks and their impacts. The
When approving the risk contingency budget for a project, the CEO notices each team has a different approach to report risks and their impacts. The CEO decides to create a new centralized risk management function to help resolve the problem. How does centralizing the risk management function help resolve the problem? O Allows monitoring the impact against the overall project risk exposure. Creates a single repository for all project risk documents Establishes risk sources and ownership for trigger monitoring. Enhance the process of identification of different individual project risks
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