Risks on Matrix Development Discussion
Risks are best handled by developing a risk matrix, a plan for identifying and managing potential risks. Develop and post a risk matrix for the project you proposed in Week 4 or for the construction site collapse at the Hard Rock Hotel in New Orleans. In your risk matrix, state the risk,
- describe it and what might cause it, and note the risk of occurrence (probability) as high, medium, or low.
- Describe the impact of the risk occurring
- discuss how it could be prevented, mitigated, or recovered from if it happens.