Question

Explain the concept of risk identification, risk assessment and risk priority of managing risks in projects.

Answer 1

A risk is anything that could potentially impact your project's timeline, performance or budget. ... So risk management, then, is the process of identifying, categorizing, prioritizing and planning for risks before they become issues. Risk management can mean different things on different types of projects.

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Answer 2

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• Balanced Risk is an attempt to balance the risk of exposure to ionizing radiation with the benefits of its use in diagnosis and treatment of illness