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Risk Event Manager
A "risk event" is a potential source of delay or financial loss brought about by external factors. Examples would be inclement weather, delays in receiving information, etc. The risk event management component is designed to request relevant information from the project team at the correct time and in a contractually correct manner to enable the cause and effect to be captured, communicated and tracked on an on-going basis. This allows management to make informed decisions timeously and ensures that any contractual claims can be dealt with professionally and in a legally proper manner.
Identifying the type of risk event