in the 'starting up a project' process, what is the PRINCE? name for a 'request for proposal' received by an external supplier?
The primary reason to perform the risk practice within a PRINCE2 project is to identify and manage risks that could affect the project's objectives. Effective risk management ensures that potential threats and opportunities are adequately assessed and handled to minimize negative impacts and leverage positives, thereby safeguarding the project's success. Reference: PRINCE2 7 Foundation materials on risk management practices.
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