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You are in charge of an information technology project. Project stakeholders have criticized the risk probability and impact matrices for frequently causing misunderstanding among the
You are in charge of an information technology project. Project stakeholders have criticized the risk probability and impact matrices for frequently causing misunderstanding among the project team, and risk owners have discovered that the risk response plans designed to handle the actual risk levels are frequently ineffective due to poor risk level calculation. lllustrate how you would apply the iteration principle to improve the circumstances described above. [20 Marks] [C01, P01, C3]
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