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a) When looking at risks in the project environment, why are we concerned with the impact and probability of a potential risk event?

b) How could you sort through a long list of risks in a project so that focus is placed on the most important one(s)?
When is the best time to assess potential risks in a project AND at what frequency?

c) When is risk generally highest in a project – why?

d) Why is it important to identify and diligently watch for risk “triggers” in the IT project environment? Please define a risk “trigger” first when answering this question.

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