During the Risk Assessment phase of this project, you are asked to evaluate:
• What are the risks and rewards if the solution is implemented and results in the desired outcome?
Consider the potential amount of loss and the probability of the loss occurring for each of the solutions to your problem(s) you identified during Week Three if each of the solutions are implemented and the outcome is the desired result.
• What are the risks and rewards if the solution is implemented but does not result in the desired outcome?
Consider the potential amount of loss and the probability of the loss occurring for each of the solutions to your problem(s) you identified during Week Three if the solution does not result in the desired outcome. This is done for each risk associated for each option.
• What are the risks and rewards if nothing is done (continuing with the status quo)?
Risk Assessment based on last paper of identifying solutions. See attached.
