Addresses potential risks associated with the project and outlines strategies to mitigate them Discussing the financial risks, including a significant initial cost of $2.7 million for the MRI machine and an additional $100,000 for maintenance in the first year, to mitigate these risks, he proposed conducting a detailed cost-benefit analysis to get a clear understanding of the potential return on investment. Additionally, he suggests exploring different funding sources such as grants or financing options to ease the financial burden. By presenting these mitigation strategies, reassure the CEO that potential risks have been identified and proactive steps are in place to effectively address them.

Answer rating: 100% (QA)

Dear CEO After carefully assessing the project we have identified potential risks and formulated strategies to mitigate them effectively One of the si... View the full answer