Risks are best handled by developing a risk matrix, a plan for identifying and managing potential risks. Develop and post a risk matrix for the project you proposed in Week 4 or for the construction site collapse at the Hard Rock Hotel in New Orleans. In your risk matrix, state the risk, describe it and what might cause it, and note the risk of occurrence (probability) as high, medium, or low. Describe the impact of the risk occurring and discuss how it could be prevented, mitigated, or recovered if it happens.
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