Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A risk manager is managing risks in a project. During the initial stages of project execution, a new risk is identified. There is a very

A risk manager is managing risks in a project. During the initial stages of project execution, a new risk is identified. There is a very small chance that this risk will occur and even if it occurs, the impact would be low. What should the risk manager do with this risk? Seek guidance from subject matter experts (SMEs). Ignore this risk as it is not critical. Inform the stakeholders about this risk. Put the risk on the watch list

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Communication

Authors: Yahya R Kamalipour

2nd Edition

049505027X, 9780495050278

More Books

Students also viewed these General Management questions

Question

What properties should transfer-pricing systems have?

Answered: 1 week ago

Question

List six habits that can help you become a more positive thinker.

Answered: 1 week ago