In no uncertain terms

Project managers can access a number of methods for identifying risks and opportunities.All methods used for conventional project design and planning are applicable to risk management plans (peer reviews, senior management reviews, external audits).A basic model used by risk managers worldwide is a six step process: defining the goals of the project, identifying the risks, analyzing the data, planning a response, implementing the response, and reviewing and updating the project plan if needed.A risk breakdown structure (RBS) can be devised that deconstructs the in terms of risk. The best risk management tools come out of a company culture attuned to risk management.Risk and opportunity are opposite sides of the same coin.
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