Just as a compass is composed of multiple components that guide direction, risk management utilizes various tools and techniques to navigate uncertainties. These tools include risk registers, SWOT analysis, and Monte Carlo simulations, among others. Each tool plays a critical role in identifying, assessing, and managing risks, providing a comprehensive approach to navigating through project uncertainties.
- Log in or register to contribute
Contribute to three or more articles across any domain to qualify for the Contributor badge. Please check back tomorrow for updates on your progress.