Which hierarchical structure is used in project risk management to categorize potential sources of risk, thus assisting in a more effective risk identification and organization?
The Risk Breakdown Structure (RBS) is a hierarchical structure used to categorize the potential sources of risks within a project. It helps project teams think through the various sources of risk systematically and ensures a more thorough identification of risks by prompting consideration of risks across all categories.
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What is a Risk Breakdown Structure (RBS)?
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How does RBS differ from Work Breakdown Structure (WBS)?
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Why is the RBS important for effective risk management?
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