3) You are working with your customer to analyze the potential risk on a new requirement for a research and development contract to design and build a prototype for a new mass transportation Page 1 of 3 DAU 1/29/2018
system. Which action would you perform during risk analysis? [Given an acquisition scenario, apply the key steps of the Risk Management Process.]Examine the identified risk(s) and determine the probability that risks will occurIdentify ways to minimize the impact of risks Change requirements to reduce risk to an acceptable level Conduct SWOT analysis4) By focusing on the downside of risk, programs may overlook opportunities that provide possibilities for innovation. As opportunities emerge, the program can shift focus toward understanding how to take advantage of opportunities while continuing to manage risks. Opportunity management measures program improvement in terms of what two things? [Recognize how risk management is integrated with other program management tools and processes.] Likelihood and benefitsCosts and performanceSchedule and performanceLikelihood and consequences
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