I’m stuck on a Management question and need an explanation.
Answer the following questions in 400 words
- Give some examples of projects using each of the risk mitigation strategies (accept, minimize, share, or transfer). How successful were these strategies? In hindsight, would another approach have been better?
- Consider the following observation: “The problem with risk analysis is that it is possible to imagine virtually anything going wrong on a project. Where do you draw the line? In other words, how far do you take risk analysis before it becomes overkill?” How would you respond?
Answer in proper APA format including Times New Roman with font size 12 and double spaced with proper references and in text citations.