Question: Consider a scenario where you are a risk management program manager. You manage risks related to your company that has 5 0 0 employees. The
Consider a scenario where you are a risk management program manager. You manage risks related to your company that has employees. The company maintains technical systems that incorporate large amounts of stored data that are updated several times a day. From these strategies used in project risk management: To start, know what risk management looks like, use the "avoid" option, don't forget the "transfer" option, there are more than five risk responses: watch out for "Deny" and "Bury", talk about individual impacts, get your eternal optimism in check, use data to show how risk management is working, managing risk takes time, so make sure your team has it put stakeholder engagement higher on your priority list, give regular updates on the status of risk responses, mine your risks for opportunities, and make your risk prevention efforts visible. Now answer the following questions: As the risk manager of that company, whaat is the first risk you want to deal with and why? What is the best strategy that you would follow to minimize that risk and why?
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