What are the benefits of risk management?

  • A. Prepare the project manager to take advantage of appropriate risks
  • B. Generate a list of possible risks through brainstorming, problem identification and risk profiling
  • C. A proactive rather than reactive approach, reduces surprises and negative consequences, provides better control over the future, and improves chances of reaching project performance objectives within budget and on time
  • D. The cost to fix risk event over the project life cycle

Answer: Option C