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What is the likely outcome of creating this type of chart?

Your project has several risks that may cause serious financial impact should they happen. You have
studied the risk events and made some potential risk responses for the risk events but management
wants you to do more. They’d like for you to create some type of a chart that identified the risk
probability and impact with a financial amount for each risk event. What is the likely outcome of
creating this type of chart?

Which one of the following is a valid response to the identified risk event?

Your project team has identified a project risk that must be responded to. The risk has been
recorded in the risk register and the project team has been discussing potential risk responses for
the risk event. The event is not likely to happen for several months but the probability of the
event is high. Which one of the following is a valid response to the identified risk event?


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