A risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project.

A risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project.

  • Avoid risk — Change plans to circumvent the problem;
  • Control/Mitigate risk; — Reduces impact or likelihood (or both) through intermediate steps;
  • Accept risk — Take the chance of negative impact (or auto-insurance), eventually budget the cost (e.g. via a contingency budget line);
  • Transfer risk

 

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  • Identify Two major risks within your project
  • Categorize and prioritize each risk
  • Determine the likelihood of the risks occurring
  • Identify the impact on the project if risk does occur

Risk that can occur for opneing new coffee shop..

 

Should be long and, non- plagerized, should be organized…Should be word documented..