Which of these statements about the project risk analysis and management program is best?
A)Risk management is integrated throughout the project's life cycle.
B)The risk management strategy should be unwavering throughout the entire project life cycle.
C)The project manager should choose a small subset of all risk management tools.
D)Risk management is best handled using an ad hoc approach.

Question

Quizplus · Accepted Answer

Integrating risk management throughout the project's life cycle ensures that potential risks are identified, analyzed, and mitigated early on, reducing the likelihood of negative impacts on project outcomes. Option B is not recommended as the risk management strategy should be flexible and adaptable to changes throughout the project. Option C limits the range of tools available to manage risks, which may not be sufficient for all types of risks. Option D is not recommended as it may lead to a reactive approach rather than a proactive one.

Which of These Statements About the Project Risk Analysis and Management