During the project planning phase, the project manager systematically examines uncertain events that could delay activities or increase costs if they occur, and records their likelihood and impact so the team can plan responses. Which activity is the project manager performing?
The project manager is performing an initial risk assessment, which involves identifying and analyzing potential risks that could impact the project's objectives, timeline, or budget. This allows the team to develop mitigation strategies in advance. Developing the project schedule focuses on outlining the timeline for project tasks. Defining the project scope involves detailing the project's objectives and deliverables. Assessing resource requirements is about determining the human, material, and financial resources needed for the project.
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What is an initial risk assessment in project management?
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How does performing a risk assessment differ from defining the project scope?
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What are some common risk mitigation strategies during the project planning phase?