Description
Assigned Readings:
Chapter 4: Project Risk Management Systems
Chapter 5: Project Risk Contexts and Drivers
Chapter 6: Approach to Project Risk Identification
Initial Postings: Read and reflect on the assigned readings for the week. Then post 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 assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.
Also, provide a graduate-level response to each of the following questions:
What factors make a project high risk?
What are the three types of project risk?
How do you write a good project risk?
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
RISK MANAGEMENT
Risk management
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School
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RISK MANAGEMENT
Discussion
Risk management in planning is a procedure that provides guidance. Because risk
management plan will instruct us on how to identify, rank, and monitor risks, it is important to
understand the augmentation and attitude towards risk when developing a risk management plan.
As with all other project knowledge areas and processes, risk management has a process in a
planning process that tells us how we are going to manage and execute the rem...