Risks are part of any project

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Reference no: EM132167992

Risks are a part of any project. Learning to manage them is a key part of being a project manager. The first step is to identify risks, then classify risks. Not all risks are negative. Negative and positive risks will need to be dealt with differently. Once risks are classified, a strategy can be chosen to deal with risks appropriately. For negative risks, you could accept the risk, transfer the risk, reduce the risk, or eliminate the risk. For positive risks, you could enhance the risk, exploit the risk, share the risk, or accept the risk. This will become part of your Risk Management Plan on a project. Please come up with an example of a risk for each of the risk categories listed above that would be appropriate for the strategy and why you selected it.

Reference no: EM132167992

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