During a qualitative risk analysis meeting, the project manager organizes a risk workshop with key project stakeholders. What is the PRIMARY purpose of conducting a risk workshop?
To develop an initial understanding of each identified risk's probability, impact, and determine appropriate prioritization for further analysis or action
To create a detailed project schedule including all identified risks and their corresponding response actions
To transfer ownership of project risks to the stakeholders attending the workshop
To assign budget allocations to each identified risk based on cost impact
The primary purpose of a risk workshop is to collectively review and evaluate the identified project risks, determine their impact and probability, categorize them, and establish their prioritization for further action or analysis. It is an interactive session that enables the risk owner to understand the risk deeply, explore response strategies, and aim to reach shared understanding and agreement on how to tackle the risks identified for the project .
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