Which action demonstrates effective risk management in project execution?
Understand the Problem
The question is asking which action illustrates effective risk management during project execution. It presents several options that all relate to strategies for managing risks in projects.
Answer
D. Conducting detailed risk assessments early.
The final answer is D. Conducting detailed risk assessments early.
Answer for screen readers
The final answer is D. Conducting detailed risk assessments early.
More Information
Conducting detailed risk assessments early helps in identifying potential risks and planning responses, which is essential for effective risk management.
Tips
A common mistake is to focus only on reactive measures like using additional funds, which are important but not a substitute for proactive risk identification and assessment.
Sources
- The 5 Steps of Risk Management - KirkpatrickPrice - kirkpatrickprice.com
- The Risk Management Process in Project Management - ProjectManager - projectmanager.com
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