Question: Identify a risk, either positive or negative, in the project you used in an earlier assignment and analyze it as follows: State the risk as

Identify a risk, either positive or negative, in the project you used in an earlier assignment and analyze it as follows: State the risk as a sentence. The risk statement should include the potential event or condition, the consequences, and, if known, the cause of the event. (.5 pt) Assess the likelihood and the impact of the risk and define the scale you use, e.g.your definition of high likelihood or high impact. (.5 pt) Assess the urgency and the detectability of the risk and explain why. (.5 pt) Give examples of a risk response plan for the risk using each of the five typical risk response strategies, i.e.5 examples in total. You should show which risk response strategy you are using for each example. (2.5 pt)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!