Question: You are a project manager for a project and have started the planning phase. You have identified a risk to your project during risk planning.

You are a project manager for a project and have started the planning phase. You have identified a risk to your project during risk planning. As a result, you have added a $10,000 cost to the budget and added activities in the WBS to mitigate the risk. The sponsor sees the change to the budget and WBS and tells you to remove the costs and added activities in the WBS and says, well take the risk. What would you tell your sponsor?

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