Risks are best handled by developing a risk matrix, which is 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 Hard Rock hotel under construction collapses: Buildings around Canal Street site evacuated. 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 from if it happens.
Be sure to respond to at least one of your classmates’ posts.