How can risk be managed effectively and who should be responsible for this task?

The management of risk is provingto be oneofthe most difficult tasksforthe project management profession. Howcan riskbe managedeffectivelyand who shouldbe responsible forthis task?

You are required to critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed fora project of your own conception.In completing this assignment,you shouldaddress howappropriate practices can assistin minimising risk for your project.

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