Week 5 Discussion – Managing Risk
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Get it written →12240Week 5 Discussion – Managing Risk
Risks are best handled by developing a risk matrix, which is a plan for identifying and managing potential risks.
Develop and post a risk matrix for a project you have worked on in the past, or for the Hard Rock hotel under construction collapses: Buildings around Canal Street site evacuated.
In your risk matrix, state the risk, describe it and what might cause it, and note the risk of occurrence (probability) as high, medium, or low.
Describe the impact of the risk(s) occurring and discuss how it could be prevented, mitigated, or recovered from if it happens.
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