Have you ever been asked "How risky is your project?" Most project managers find it hard to answer this question. Your Risk Register lists all the risks you've identified, and these are prioritised for attention and action, with responses and owners allocated to each risk. But how can a list of risks answer the "How risky" question? We need a different concept to describe the overall risk exposure of a project, which is different from the individual risks that need to be managed.
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