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Eplain the importance of monitoring

Project Management - Risk
1. In 100 words or more describe the risk identification process. The obstacles and how these could be overcome?

2. In 100 words or more please describe how the impact vs. the probability are arrived at and what are the downfalls in this process. Then how can these downfalls be addressed ?

3. In 100 words or more please explain the importance of monitoring risks and what needs to be done if other risks spin off the initial risk?

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Management Theories: Eplain the importance of monitoring

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