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Risk Management
is the identification, assessment, and prioritization of risks to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
Wikipedia.org
Is Not Compulsory ?
39% of project with budgets over US $10 million failed 1
1 The Standish Group, “CHAOS 2007 REX: A Standish Group Research Exchange.” 2007.
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