Answer:
Step-by-step explanation:
ASSIGNMENT: Identify three risks, then describe mitigation measures you would take to prevent each risk from occurring (or lessening their impact). Use at least 200 words for each risk.
Risk 1
[Cost risk]
[ASCE 7 officially defines risk category as A categorization of buildings and other structures for determination of flood, wind, snow, ice, and earthquake loads based on the risk associated with unacceptable performance]
[Here are 7 of the most common ways to mitigate cost risk: all approaches that will transfer to your project in most cases.
Clarify The Requirements. ...
Get The Right Team. ...
Communicate and Listen. ...
Assess Feasibility. ...
Test Everything. ...
Have A Plan B. ...
]
Risk 2
Schedule risk
[External: Government related, Regulatory, environmental, market-related.
Internal: Service related, Customer Satisfaction related, Cost-related, Quality related.
Technical: Any change in technology related.
Unforeseeable: Some risks about 9-10% can be unforeseeable risks.]
[Insert Mitigation measure(s)]
Risk 3
[Performance risk]
[A performance risk is the potential that a product, service, program or project will not deliver as much value as required]
[Identify and assess risks that impact business strategy. ...
Design a risk response to reduce the downside and take advantage of the upside potential. ...
Align the functions to execute the organisation's risk response strategy. ...
Develop risk processes to facilitate better co-ordination, communication, and reporting.)]