Several tools allow the user to define possible risks, determine the probability that they will occur, and predict the impact on the schedule and budget if they occur.

Question

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There are several project management tools and techniques that help in risk management, such as risk identification, probability determination, and impact analysis. These tools assist the project manager in predicting the likelihood of potential risks and their potential impact on the project timeline and budget.

Several Tools Allow the User to Define Possible Risks, Determine