Answer any three of the questions below:What does the level of “uncertainty” have to

Answer any three of the questions below:What does the level of “uncertainty” have to do with risk? If a risk, no longer has a level of uncertainty, is it still a risk – why or why not?
Although risk can have both negative and positive consequences, why do you think many project teams tend to focus on negative risks?
What is “risk management,” and why is it important in the project environment?
Does it make sense to spend time and effort to plan for events or occurrences in an IS project that many never occur – why or why not?
Discuss any approaches, tools, or techniques that may be helpful in assessing and identifying risks in IS projects.
How can communication help in identifying AND managing risk? Give an example from your personal or professional experience. When looking at risks in the project environment, why are we concerned with the impact and probability of a potential risk event? When is the best time to assess potential risks in an IS project AND at what frequency?
When is risk generally highest in an IS project – why?R

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