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What are the factors to be considered during the Project Risk assessment?

When looking at risk, it's necessary to determine atleast following factors:

• The probability that a risk event will occur (how likely)

• The range of possible outcomes (impact or amount at stake)

• Expected timing for it to occur in the project life cycle (when)

• The anticipated frequency of risk events from that source (how often)

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Question added by Mohammed Qaisar I PMP I MCIPS I MBA , Group Procurement Manager (Civil) , Al Ghurair Construction LLC
Date Posted: 2017/10/10
Faisal Alam
by Faisal Alam , Deputy Manager - QS , M3M India Pvt. Ltd.

All the above are correct and necessary to assess.