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Risk Management (Risk Identification (Product size, Business Impact,…
Risk Management
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Risk Response Strategies
Risk Avoidance
For example, multi-sourcing a software system's server will avoid the risk of delays to the project if your single source supplier cannot deliver the server on time.
Risk Transfer
One example is the purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer.
Risk Mitigation
For example, accounting audits are a way to reduce the risk of financial fraud.
for example, increasing staffing or reducing scope.
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