Risk Management

Imagine that you are writing a scholarly paper for consumption by a new undergraduate student in the project management program. In your paper, explain the following:

• Risk management—the analytical techniques used including: risk breakdown structure; risk categories, probability, and impact matrix; risk categorization and urgency assessment; risk register with the list of risks and potential responses; use of quantitative risk modeling through tornado diagram, decision tree diagram, or cost risk simulation results; and strategies for negative and positive risks.

Your well-written paper must meet the following requirements:

• 2 pages in length, not including cover, references page, and appendices.
• Supporting documents must appear in appendices.