create a risk mitigation plan. include risk avoidance, risk sharing, risk reduction, risk transfer.
SCENARIO: you’re a project manager for KBL(furniture store) risk mitigation is a key component of project planning. the board of directors for KBL is eager to move forward with the acquisition & will take 18 months to complete with a projected cost of 5 million dollars. the project could be at risk because there have been rumors that another buyer had entered to bid to buy KBL’s competition. in order for the acquisition to be successful you will need to use project management skills. I
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