Using the project, you outlined in the Wk 3: Summative Assessment: Project Scoping Outline, in 525- to 700-words:
- Assess impact and probability for each risk.
- For those risks that have a risk exposure of greater than 60, determine a strategy and response. Remember, if a strategy can be implemented immediately, the project should be changed rather than wait for the risk to be realized; therefore, each response should be based on the realization of the risk at the time of execution.
- Determine how risks will be communicated. Include information on how the communication will be documented.
- Evaluate the timing, type, and audience of those communications.
- Assess who will make final decisions about risk responses.
Format your assignment consistent with APA guidelines.
Assess impact and probability for each risk. For those risks that have a risk exposure of greater than 60, determine a strategy and response.
