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- Distinguish between uncertainty, risk, threat and opportunity
- Recognize opportunities within projects, and manage them proactively alongside threats through a common risk process
- Use effective techniques for identifying both opportunities and threats
- Prioritise opportunities and threats, to determine those requiring focused attention
- Develop appropriate response strategies for identified opportunities and threats
- Ensure effective management of uncertainty and maximise the likelihood of achieving project objectives
- Understand risk psychology, including sources of bias and how to counter them
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