Risk managent plan

A risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project.

• Avoid risk — Change plans to circumvent the problem;
• Control/Mitigate risk; — Reduces impact or likelihood (or both) through intermediate steps;
• Accept risk — Take the chance of negative impact (or auto-insurance), eventually budget the cost (e.g. via a contingency budget line);
• Transfer risk

 

• Identify Two major risks within your project
• Categorize and prioritize each risk
• Determine the likelihood of the risks occurring
• Identify the impact on the project if risk does occur

Risk that can occur for opneing new coffee shop..

 

Should be long and, non- plagerized, should be organized…Should be word documented..