Describe at least two SPECIFIC risks and corresponding mitigation strategies to reduce the risk of this project
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Question:
Describe at least two SPECIFIC risks and corresponding mitigation strategies to reduce the risk of this project failing; these may or may not be related to the 2 sensitivity analysis variables you chose.
Example: a common risk if that the new sales generated by the project, may not fully materialize. So an obvious way to reduce the risk would be to increase sales. BUT
[for example saying a mitigation strategy is “to increase sales” is NOT specific enough; HOW will sales be increased?]
The project is on Chipotle and a menu expansion, added healthy snacks to the menu. Identify 2 specific risk, and the corresponding mitigation strategies to reduce the risk of this project failing.
Related Book For
Applied Statistics From Bivariate Through Multivariate Techniques
ISBN: 978-1412991346
2nd edition
Authors: Rebecca M. Warner
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