Discussion Post: Risk Mitigation
The resulting cost and schedule probability distributions from risk analysis are not destined to occur on a project. The impact and probabilities of risks can be reduced or "mitigated".
a) Consider how risk mitigation might be used to reduce the impact and probability of cost and schedule risks.
b) Give at least two examples of a cost and/or schedule risk from the industry you work in or one you are familiar with and how they might be mitigated or even eliminated.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.