Explore BrainMass
Share

State the importance of identifying risks and categorizing them as high, medium or low probability

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Can you help me get started with this?

State the importance of identifying risks and categorizing them as high, medium or low probability. Explain why risks associated with the critical path of the project need special attention.

© BrainMass Inc. brainmass.com October 25, 2018, 2:17 am ad1c9bdddf
https://brainmass.com/business/business-math/state-the-importance-of-identifying-risks-and-categorizing-them-as-high-medium-or-low-probability-293992

Solution Preview

It is very important that one identifies risks and categorizes them as high, medium and low probability. This is because appropriate risk mitigation plans should be made for all risks that are high probability and high impact risks. If an incident happens that is foreseen ...

Solution Summary

The solution does a great job of explaining the concepts being asked in the question. A good response for anyone looking to get a deeper understanding of the PM concepts.

$2.19
See Also This Related BrainMass Solution

Risk Management: The Importance of Identifying and Categorizing Risks

State the importance of identifying risks and categorizing them as high, medium or low probability. Explain why risks associated with the critical path of the project need special attention.

View Full Posting Details