Describe TWO types of analysis processes conducted in performing risk analysis and management. 2. List and discuss any THREE types of risk components that can be used to classify the severity level of risk categories. 3. Evaluate how organizations identify, manage, and minimize risks by adopting the use of a risk register table?
Describe TWO types of analysis processes conducted in performing risk analysis and management. 2. List and discuss any THREE types of risk components that can be used to classify the severity level of risk categories. 3. Evaluate how organizations identify, manage, and minimize risks by adopting the use of a risk register table?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Managing risk in a project is the responsibility of all stakeholders. Although the potential risk cannot be eliminated, the potential risks to happen can be minimized and reduced. In an organization, risks can come from all aspects such as business, technical, market, program, or other types of risks.
1. Describe TWO types of analysis processes conducted in performing risk analysis and management.
2. List and discuss any THREE types of risk components that can be used to classify the severity level of risk categories.
3. Evaluate how organizations identify, manage, and minimize risks by adopting the use of a risk register table?
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