Risks are best handled by developing a risk matrix, a plan for identifying and managing potential risks
Question Description
Risks are best handled by developing a risk matrix, a plan foridentifying and managing potential risks. Develop and post a risk matrixfor the project you proposed in Week 4 or for the construction site collapse at the Hard Rock Hotel in New Orleans.In your risk matrix, state the risk, describe it and what might causeit, and note the risk of occurrence (probability) as high, medium, orlow. Describe the impact of the risk occurring and discuss how it couldbe prevented, mitigated, or recovered from if it happens.
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