I would appreciate it if you could list and quickly describe each of the five different risk management strategies that are available.
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- Would you please list and quickly describe the five risk-control strategies?Research risk management software. Are many products available? What are the main advantages of using them in managing projects? What are the main disadvantages? Write a short paper to discuss your findings, and include at least three references.Risk analysis is typically a two-step process: qualitative risk analysis and quantitative risk analysis. As a systems analyst, for which sorts of project management decisions would you use the results from qualitative risk analysis? From the quantitative risk analysis?
- A recommended approach is that the people assigned to implement a risk management program should begin by studying the models presented earlier in this chapter and identifying what each offers to the envisioned process. Once the organization understands what each risk management model offers, it can adapt one that is a good fit for the specific needs at hand. Which risk control strategy would you consider the most effective and why? When should the strategy be used and why should it not be used for all risks?Discuss the role of risk assessment in continuity planning. What methods can be used to assess potential risks and vulnerabilities?Discuss the role of risk assessment in the development of an effective continuity plan. What are the key steps involved in conducting a comprehensive risk assessment?
- Have you experienced scope creep in your development of a Risk Management Plan (or other policy)? If so, how did you handle it? If not, what actions would you have taken to control scope creep? (Remember, if you have not personally experienced this situation, please research a company or individual who has dealt with scope creep and provide a brief overview of their situation. Be sure to copy/paste the link from which you retrieved the information)You need to enter the risk factors into the risk register for obtaining an external consultant.Using the GCCG Risk Event Impact Scale and the Probability Rating tables, use your judgement to assign a risk probability rating for each task.Please list and quickly explain each of the five ways to control risk.
- Discuss the role of risk assessment in the development of a continuity plan. How does it influence the planning process?How much risk is good? Should IT projects be risky? Why or Why Not? What are the Benefits of risky projects? How should you determine whether a risk is acceptable?you are required using your own words to discuss each of the topics below. You need to limit your discussion on each topic to be between 200 to 400 words. Risk Management Strategies in Software Engineering