Risk mitigation in projects.
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Risk management covers response, monitoring, controlling, prevention, and so forth. Above all else, it is concerned with project impact.
•In view of the fact that various measures and techniques can be used to mitigate risks, do you think that project risks can be completely eliminated? Why or why not?
•Although risk can be mitigated and transferred, it can also be avoided. What are some examples of risk avoidance measures?
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Solution Summary
A review of how risk avoidance and risk mitigation can occur and if they can be completely stopped.
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Risk management covers response, monitoring, controlling, prevention, and so forth. Above all else, it is concerned with project impact.
•In view of the fact that various measures and techniques can be used to mitigate risks, do you think that project risks can be completely eliminated? Why or why not?
Not every risk can be known or prevented. That is the nature of people and problems. People make mistakes and not for the expected reasons or with the expected outcomes. Not every sees a problem and chooses the same way to solve it. Perhaps in a project, someone will assume the software is the issue, ...
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