During the project planning phase, a project manager evaluates uncertainties that may affect the project's timeline and budget. Which activity is the project manager engaging in?
The project manager is performing an initial risk assessment, which involves identifying and analyzing potential risks that could impact the project's objectives, timeline, or budget. This allows the team to develop mitigation strategies in advance. Developing the project schedule focuses on outlining the timeline for project tasks. Defining the project scope involves detailing the project's objectives and deliverables. Assessing resource requirements is about determining the human, material, and financial resources needed for the project.
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What is an Initial Risk Assessment?
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Why is performing a risk assessment important in project management?
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