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Which one of the following is a valid response to the identified risk event?

Your project team has identified a project risk that must be responded to. The risk has been
recorded in the risk register and the project team has been discussing potential risk
responses for the risk event. The event is not likely to happen for several months but the
probability of the event is high. Which one of the following is a valid response to the
identified risk event?

Why is it necessary to include the project’s cost management plan in the preparation for the quantitativ

You are preparing to complete the quantitative risk analysis process with your project team
and several subject matter experts. You gather the necessary inputs including the project’s
cost management plan. Why is it necessary to include the project’s cost management plan
in the preparation for the quantitative risk analysis process?


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