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Why are risk management plans necessary? (220–250 words)

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General Management

Why are risk management plans necessary? (220–250 words)

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Risk Management is an approach that enables a business to identify and deal with a threat that can potentially derail a project With a risk log in hand a project manager can prepare himself and his team for any scenario A Risk management plan provides a business with many benefits Fewer jolts An abrupt problem that arises in the middle of a project can prove to be a huge setback Risk management enables a team to spot these concerns much before they pose a serious threat Early awareness can enable a team to assign the right people    See Answer
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