What factors are typically considered when assessing risk?
- Probability, Impact, Mitigation Strategies
- Project Schedule, Resource Allocation, Quality Control
- Team Morale, Communication, Stakeholder Engagement
- Budget, Marketing Strategy, Customer Feedback
When assessing risk, factors such as probability (likelihood of occurrence), impact (severity of consequences), and mitigation strategies (plans to reduce risk) are typically considered. Understanding these factors helps in prioritizing risks and developing effective risk management plans.
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