Risk Analysis and Identification.

A) What you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each chapter.

B) Provide a graduate-level response to each of the following questions:

1. Explain each of the following steps in risk evaluation and remediation.

• Risk identification
• Risk evaluation for chance of occurrence
• Risk evaluation for impact if the risk takes place.
• The four types of risk remediation,
• What is a project risk owner,
• What is a risk threshold.
• What is a risk matrix.

2. Create a risk analysis for a project involving a family vacation where a family of four is driving 1,000 miles one way to Myrtle Beach, SC to stay for one week at a coastal resort. Include the construction of a risk matrix.

Answer rating: 100% (QA)

A Risk Analysis and Identification typically cover various concepts and methods aimed at understanding evaluating and mitigating risks within a project or scenario Heres a breakdown of what might be c... View the full answer