Question

How is risk management a cyclic process?

a.

Risk factors must be monitored and re-evaluated regularly

b.

Risks are handled by re-assessing the project, invoking a contingency plan, or transferring to crisis mode

c.

Both A and B

d.

None of the above

Posted under Project Planning and Control Software Engineering

Answer: (c).Both A and B Explanation:Risk management is a cyclic process because it involves a series of steps that are repeated over the course of a project. These steps include identifying and assessing risks, developing strategies to mitigate or avoid risks, monitoring and controlling risks, and evaluating the effectiveness of risk management activities. This cyclic process allows for the ongoing identification, analysis and management of risks throughout the project.

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