Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An undocumented risk is realized during the rollout of a new product line important to the company. The product owner escalates this matter to the

An undocumented risk is realized during the rollout of a new product line important to the company. The product owner escalates this matter to the company president, who expects all risks to be documented in the project risk plan. How should the risk manager address this concern? Impact of the risk was assessed to be insignificant, so the risk was not documented A similar risk never occurred in the past, so it was not considered Probability of the risk was very low, so the risk was not documented. Risks are documented to the practicable extent possible

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

Hospitality Law Managing Legal Issues In The Hospitality Industry

Authors: Stephen Barth

4th Edition

1118085639, 9781118085639

More Books

Students also viewed these General Management questions

Question

2. To store it and

Answered: 1 week ago