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Explain about the budgeting process in risk management.
The budgeting process:
A budget is a quantified or forecast plan of action. A quantified financial plan of action that itemises a projects income and expenditure assigned for example a list of all planned expenses and income. Budgetary planning makes a budget like part of the planning process for the project. It control compares the budgeted outcomes as a ‘yardstick’ or target, within comparison to real results, so as to quantify any variances or deviations through the project plan. Such process at regular intervals during a project can be used to get control action and bring real results in line along with the plans.
What are the risk management strategies? Risk management strategies: • Retain the risk (Absorption) as like when the risk is small and won’t influence the project a great de
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woody Develop a list of "Key Success Indicators" that could and should have been measured on completion. Rank them in order of priority for this project.
doing research for six sigma
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