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Certified Associate in Project Management · PMI
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- This is a fundamental concept in project management. At the beginning of a project, uncertainty (risk) is at its highest because many decisions have not yet been made. As the project progresses, risk decreases because more becomes known and decided. However, the cost of making changes increases over time because more work has been completed that may need to be reworked. Stakeholder influence is greatest early on when changes are least costly, which is why early stakeholder engagement is so important.