Instruction
No Plagiarism APA FORMAT
Determine if each of these five items present a negative risk or positive opportunity to the project.
Next, identify a strategy for managing the risk and defend your choice. In your explanation, postulate the risk probability as high, medium, or low and assess the impact as low, moderate, or severe. Here are the risk management strategy options:
avoid, transfer, mitigate (negative risk strategies)
exploit, share, enhance (positive opportunities)
accept or plan contingency (both negative risk and positive opportunities)
Finally, using Web Resources or other links, identify software, project management tools, or diagramming techniques that can be used by the project team to help manage risk. One method of research is to enter the term "risk analysis software" or "risk analysis tools" into a search engine and access the links that apply. For software applications, the most appropriate tools are the ones that interface with Microsoft Project, include Pert diagramming techniques, and/or provide a cost-benefit and analysis feature as well.