Reference no: EM133249982
Question - Risk Identification Discussion
Description - Please answer the following:
1. Explain each of the following steps in risk evaluation and remediation.
Risk identification
Risk evaluation for chance of occurrence
Risk evaluation for impact if the risk takes place.
The four types of risk remediation,
What is a project risk owner,
What is a risk threshold.
What is a risk matrix.
2. Complete a risk analysis for a project involving a family vacation where a family of four is driving 1,000 miles one way to Myrtle Beach, SC to stay for one week at a coastal resort. Include the construction of a risk matrix.
3. After submitting your two page paper as an initial post in the "Reflection and Discussion Forum," then type at least two peer replies in response to your classmates' posts (200 word minimum each).