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State the importance of identifying risks and categorizing them as high, medium or low probability

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State the importance of identifying risks and categorizing them as high, medium or low probability. Explain why risks associated with the critical path of the project need special attention.

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It is very important that one identifies risks and categorizes them as high, medium and low probability. This is because appropriate risk mitigation plans should be made for all risks that are high probability and high impact risks. If an incident happens that is foreseen ...

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The solution does a great job of explaining the concepts being asked in the question. A good response for anyone looking to get a deeper understanding of the PM concepts.

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