After potential risks have been identified, the project team then evaluates the risk based on the probability that the risk event will occur and the potential loss associated with the event.

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Mayank Saroha · Accepted Answer

Final Answer : True, Explanation :  This statement is true. Risk evaluation involves assessing the likelihood of the risk event occurring and the impact or potential loss associated with it, in order to prioritize and manage the identified risks.

After potential risks have been identified, the project team then evaluates the risk based on the probability that the risk event will occur and the potential loss associated with the event.

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