Which describes a purpose of the risk management approach?
Which describes a purpose of the risk management approach?
The purpose of the risk management approach is to define the roles and responsibilities for the specified risk processes. This includes outlining how risks will be managed in terms of processes, procedures, techniques, and standards. Knowing who is responsible for what in risk management is crucial to effectively managing and mitigating risks in a project.
A 10.2 Risk management approach Describes how risk will be managed on the project. This includes the specific processes, procedures, techniques, standards and responsibilities to be applied.