Reference no: EM133779488

Question

Based on the information in this paragraph about Scope Creep, can you explain why Scope is important to a Risk Management Project? :- The scope identifies the boundaries of a project. The biggest problem of not identifying the scope is scope creep. Scope creep happens when a project's goals or deliverables grow without control. For example, personnel could spend time and resources on low-value assets at the expense of high-value assets. If the project scope isn't controlled, the project can consume more resources, cost more, and take more time than would have been necessary if the scope had been defined. In the case of risk management, the boundaries may grow beyond the resources or time available to manage the risk, which can result in the organization's not being able to identify or evaluate new risks while evaluated risks go without a response.