Reducing the Negative Outcomes of Risks
Effective and comprehensive project risk management scans the physical, technical and organizational environments and subjects it to a disciplined process that will identify, evaluate and plan the responses for risks. The risk management process will enforce the analysis and decisions of what is the best that can be done for each risk. The computation for risk value will reveal the severity of the risk that will demand action and decisions. Some of the risks assessed are daunting such as toxic contaminations and catastrophic events such as tsunamis that avoidance responses are the only options and even question the feasibility ...
