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What are the reasons for risk management?


What are the reasons for risk management?



1. Makes aggressive risk-taking possible
2. Decriminalizes risk
3. Sets up projects for success with honest evaluation of issues
4. Bounds uncertainty
5. Provides minimum-cost downside protection
6. Protects against invisible transfers of responsibility
7. Save part of a failed effort
8. Maximizes opportunity for personal growth
9. Protects management from getting blindsided
10. Focuses attention where it is needed
francis1897 answered the question on March 14, 2023 at 09:07

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