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1. (TCO 1) One of the excuses for not doing risk management is that it is just c

ID: 457825 • Letter: 1

Question

1. (TCO 1) One of the excuses for not doing risk management is that it is just common sense. The answer to that is (Points : 5) proper application of risk management saves time and money. it is never too late to do risk management. risk management is an investment in the future. risk management isn't common sense to everyone. risk management is common sense. Question 2.2. (TCO 1) To be fully effective, risk management must be (Points : 5) an optional process during the project development. applied only to larger sized projects. applied to all projects the same way, no matter what size. integrated into the project management process. managed outside of the project management process. contractual terms and conditions would be called what? (Points : 5) Commercial risks Management risks Technical risks External risks None of the above

Explanation / Answer

1. proper application of risk management saves time and money

2. integrated into the project management process

3.Commercial risks Management risks