What element of risk management involves project stakeholders in the process of identifying, analyzing, and communicating risks throughout the project lifecycle, ensuring that risk-related decisions are informed and supported by those impacted?
Stakeholder Involvement in Risk Management is an essential element where stakeholders participate in identifying and analyzing risks, and in communicating about them. It ensures that all parties who can impact or are impacted by the project are engaged in making decisions related to risk management, thus aligning project objectives with stakeholder expectations and improving project outcomes.
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