"There are methods that can be used to identify risk and its impact. Discuss the tools that we are to use to identify risk and to plan for managing it. Identify and discuss at least one method. (Need to answer with at least four sentences)" Your response was ?It is possible to determine or identify risk using scientific and quantitative methods like simulation. This can help a manager understand the risk and return relationship under various circumstances. This can help them understand and identify the maximum risk that the company and the project can withstand. This can help formulate effective controls in the organization through risk assessment.
Paper#34169 | Written in 18-Jul-2015Price : $27