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Discuss the project managers role in managing risk

Follow these steps to participate in this discussion:

Discuss the Project Manager's role in managing risk.
Hypothesize if a certain expertise is required to adequately identify and assess project risks. For example:

When managing new product development, should the Project Manager have previous experience in this area?
How does the collective team play a role in identifying and managing risk?

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Business Management: Discuss the project managers role in managing risk

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