Wednesday, 30 April 2014

BUS 519 Assignment 2: Risk Management Plan

Assignment 2: Risk Management Plan

Student’s Name

Strayer University

 

Assignment 2: Risk Management Plan

Prepare the Scope and Objectives of the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study Risk management process is an important aspect of the organization. There are various threats that may impede the organization’s success. For example, the scenario in the case study may make the company lose a number of loyal customers; hence, reduction in sales revenue. The scope and objectives of the risk management process should be in line with the overall risk managements plan. They are important elements in providing the guidelines for the management in the implementation of the risk management plan. The main objective of the risk management process is to develop a method to monitoring, evaluating, and managing the risks in the entire project life.

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