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Risk management is about people first. As Dr. Hillson says "Risk is uncertainty that matters". To make it matter you need to understand your stakeholders.
Agree with @Kiron, adding that project risk management key is elicitation like any other of the project management defintinions.
It means risk management plan how to mange risk by identify, assess, treat and control!!!!
This remind me great lines of Warren Buffett "Risk comes from not knowing what you're doing ". So it is better to seek for information you do not have, analyse it, plan and mitigate and finally document it. Great suggestions.
Thanks a lot !!
Alok, W.Buffett has insider info to help make an educated solid trade decision there is no risk to him as other traders blindly enter a position either bullish or bearish
Righly said ! Risk can be minimised with possession of right information at right time.
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