Question: 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

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.

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