Decide which risk you will use for the contingency plan and use the other risk for identifying a secondary risk or residual risk. If you need to increase or decrease the probability or add or reduce costs, include the reasoning in the risk response reason area.

Answer rating: 100% (QA)

Identify the risks The first step is to identify the risks that could impact your project This could involve brainstorming with the project team reviewing historical data or conducting a risk assessme... View the full answer