Question
Controlling risks, also referred to as Risk Treatment, will assist you in determining WHAT should be done in response to the risks that have been
Controlling risks, also referred to as "Risk Treatment", will assist you in determining WHAT should be done in response to the risks that have been identified, in order to improve project outcomes. Fundamentally, the concept of controlling risks emphasizes the fact that, unless action is taken, the risk identification and assessment process has been wasted. Risk treatment converts the earlier analysis into substantive actions to reduce the levels of those risks with negative consequences and exploit the risks with positive consequences.
List 2 risks with completion of a job tasks.
- What was the objective of your Control (Treatment) Plan?
- To impact the likelihood that the risks would occur?
- To impact the consequence that the risks would have on your project?
- Was your Control (Treatment) Plan effective? Why or Why not?
- What would you do differently next time you have to develop and implement a new control plan? Please Explain.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started