What exactly is risk from the viewpoint of a project manager or business with responsibility for planning, organising and managing projects? How can it be managed effectively and who should be responsible for this task

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What exactly is risk from the viewpoint of a project manager or business with responsibility for planning, organising and managing projects? How can it be managed effectively and who should be responsible for this task

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Assignment Brief

What exactly is risk from the viewpoint of a project manager or business with responsibility for planning, organising and managing projects? How can it be managed effectively and who should be responsible for this task?

You are required to 1.critically analyse the concept of risk; 2.discuss how it can be measured and 3.ranked and outline how a project risk management strategy may be constructed for a project of your own conception.
4.In completing this assignment, you should address how appropriate practices can assist in minimising risk for your project.

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