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How can risk analysis be used for non-project business decision making?

June 17, 2021
Christopher R. Teeple

T‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍hrough qualitative risk analysis, you have a good idea on which risks deserve the most attention. Our quantitative analysis gave us additional data related to project risks. Now we need to plan how to respond to these risks to reduce the overall risk on the project. Based on your previous research and your readings, discuss the following questions: What are the major differences between managing neg‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ative risks (threats) and positive risks (opportunities)? Is it really important for the project team to manage both? How can risk analysis be used for non-project business decision making? When is it appropriate for the project team to use the “Escalate” risk response strategy for identified risks? This is a discussion board question, so you don’t have to follow the essay standard. Than‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍k you

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