Key Principles Governing Risk Management

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Key Principles Governing Risk Management:

Managing risks is a vital element of any project. Risk Management is a fundamental part of project management. Risk methodology integrates tools and techniques used to mitigate the risks to a project. It breaks down specific steps to be taken to manage risks. The tools used for this process: the risk register, the risk breakdown structure, the probability and impact matrix and checklists.

The fundamental principles governing risk management:

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