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Risk Management Tools and Best Practices

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The five common causes of project risk are centric financial risk, technical risk, commercial risk, execution risk, and compliance or legal risk. Identify a scenario from your workplace experience or an event that you are familiar with that experienced (or potentially experienced) risk associated with one of these causes. Explain how the four stages of risk management were (or could have been) applied to the scenario for optimal outcomes. Support your commentary with use of best practice techniques and tools.

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