Each answer 150 words minimum
The purpose of risk treatment is to determine what will be done in response to the risks that have been identified, in order to reduce the overall risk exposure. Unless action is taken, the risk identification and assessment process has been wasted. Risk treatment is done to convert any of your earlier analyses into substantive action plans to reduce risks.
1.-Explain how you intend to manage two risks in your project.
2.- Relay why you chose the particular management techniques and how these techniques will be used.
1.-Using the same risks, you chose in the previous discussion question shown below, propose responses that would be employed if the risk occurs.
2.- What triggers will you use to detect occurrence of these risks?
The Enhancing Risk Identification article offers a number of suggestions for risk identification unlike we discussed in previous weeks. Including examination of risk management policies currently in place, an evaluation of the amount of risk an organization is prepared to tolerate and the enhancement of corporate governance and oversight measures over all business plans.
1.-Using your project for this course, what would you consider an innovative method for risk identification and response planning.
2.-How would these methods improve risk identification, assessment and management for new risk that you have not identified previously in this project scenario?
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