Question: A Program Manager is given $10M to implement the following three sequential risk mitigation steps to reduce a technical risk from Level 8 to Level
A Program Manager is given $10M to implement the following three sequential risk mitigation steps to reduce a technical risk from Level 8 to Level 1: Step 1: Train engineering team - Add two months buffer to schedule, and required 3 months to reduce the risk level (RL) from 8 to 5 Step 2: Develop rigor software development processes and tools; required 4 months to reduce RL from 5 to 3 Conduct process review and walkthrough. Step 3: Improve software integration test and software release process/method; required 3 months to reduce RL from 3 to 1 create a 2 persons team with budget to manage and retire this risk within 2.5 months. Based on the information given above, identify the correct mitigation strategy for each mitigation step below. Mitigation Strategy: (A) Acceptance | (B) Avoidance | (C) Transfer | (E) Control
Mitigation Steps: STEP 1: _ STEP 2: _ STEP 3: _
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