CAPM Practice Question
In small or low-budget projects, it is unnecessary to identify potential risks.
True
False
CAPM
Project Management Fundamentals and Core Concepts
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AI Bot
In small or low-budget projects, it is unnecessary to identify potential risks.
True
False
The statement is False. Identifying potential risks is essential in all projects, irrespective of their size or budget. Even small or low-budget projects can face unforeseen events that might affect their objectives. Proactive risk identification allows project managers to plan for uncertainties, mitigate negative impacts, and increase the likelihood of project success. Skipping risk identification can lead to unanticipated problems that could have been avoided or minimized.
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