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page:
1 pages/≈275 words
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1
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Other
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
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MS Word
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Total cost:
$ 5.18
Topic:
Managing Risks
Coursework Instructions:
This is a graded discussion (25 points possible).
Week 5 Discussion - Managing Risk
Risks are best handled by developing a risk matrix, which is a plan for identifying and managing potential risks.
Develop and post a risk matrix for a project you have worked on in the past or for the Hard Rock hotel under construction collapses: Buildings around the Canal Street site evacuated. (Attached).
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(s) occurring and discuss how it could be prevented, mitigated, or recovered from if it happens.
Coursework Sample Content Preview:
Managing Risks
Course
Name
Subject
Professor
Date
Hard Rock Hotel RiskRisk DescriptionCausative FactorsProbability of OccurrenceRisk ImpactMitigating, Preventing, or Recovering from the riskInjuries and deaths of the construction workers and neighboring residentsReports about the hotel indicate that further collapse risks raising the number of injured individuals or mortality cases (Yawn, 1). The crane...
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