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IST 7060 – isks and their management are critical to the successful completion

Author:
January 9th, 2018

Risks and their management are critical to the successful completion of voice based email system for blind project.1. Briefly discuss one risk that is unique to your project using project information to support the risk.2. Recommend what can be done to prevent this from occurring.3. If it does occur, what can lessen the impact?EXAMPLE:1.Briefly discuss one risk that is unique to your project using project information to support the risk.This project involves setting up a laundromat. One risk is that the vendor will not deliver the equipment on time due to weather (laundromat is opening in the winter in the Northeast and snow is a possibility).2. Recommend what can be done to prevent this from occurring.Fully vet out the vendor and ensure that delivering on time is one place the vendor always comes through. Choose a local vendor within one mile if at all possible so the likelihood is increased that equipment can be delivered even in the snow.3. If it does occur, what can lessen the impact?

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