I’m trying to study for my Management course and I need some help to understand this question.
Course name: Executing the project. 500 words.
Chapter: Risk Management
provide a graduate-level response to each of the following questions:
- 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?