Business Project Management

Business & Finance
Tutor: None Selected Time limit: 1 Day

State the importance of identifying risks and categorizing them as high, medium or low probability. Explain why risks associated with the critical path of the project need special attention.

Jan 9th, 2015

The only way to mitigate this risk is to document all other risks, identify the actions you take, and keep a management informed, especially as the risk becomes more probable. It is only by stressing your risk analysis, by making explicit recommendations, and by insisting that management understand the risks by categorizing them as high, medium or low.

Risks associated with the critical path of the project need special attention because the chances of mitigating of the risk is low and chances of risk to become an issue are greater.

Jan 9th, 2015

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Jan 9th, 2015
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Jan 9th, 2015
Dec 7th, 2016
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