A project manager is discussing risk management with the team. Which of the following statements best reflects an iterative approach to assessing and prioritizing risks?
Risks should be continuously assessed and prioritized, with the risk register updated regularly to reflect changes in the project environment.
The team should assess and prioritize risks whenever a potential risk event is identified, focusing on addressing each risk individually.
The team should conduct a comprehensive risk assessment at the beginning of the project and then monitor for risk events throughout the project.
Risks should be thoroughly assessed during the project planning phase and then reviewed at each major milestone.