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Project Scoping Outline, in 525- to 701-words: Assess impact and probability for each risk. For those risks that have a risk exposure of greater than

Project Scoping Outline, in 525- to 701-words:

  • Assess impact and probability for each risk.
  • For those risks that have a risk exposure of greater than 60, determine a strategy and response. Remember, if a strategy can be implemented immediately, the project should be changed rather than wait for the risk to be realized; therefore, each response should be based on the realization of the risk at the time of execution.
  • Determine how risks will be communicated. Include information on how the communication will be documented.
  • Evaluate the timing, type, and audience of those communications.
  • Assess who will make final decisions about risk responses.

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