(1) What is the definition of risk and its characteristics? (2) In the context of project management, why is it import

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answerhappygod
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(1) What is the definition of risk and its characteristics? (2) In the context of project management, why is it import

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(1) What is the definition of risk and
its characteristics?
(2) In the context of project
management, why is it important to manage risks?
(3) What are the basic steps in risk
management? Briefly describe each.
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