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Risk, Issue, and Opportunity ManagementProfessor David Spinney Defense Acquisition University South Region April 25th, 2017Risk and Risk Mitigation task as managers involves optimization what are the
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Step 1: Identify the risk or opportunity
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Step 2: Evaluate the potential impact
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Step 3: Determine the likelihood of occurrence
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Step 4: Assign a priority level
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Step 5: Develop a mitigation or enhancement plan
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Step 6: Monitor and review the progress
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Step 7: Communicate the findings and actions to relevant stakeholders

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Risk managers responsible for risk identification and mitigation
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Risk issue and opportunity is the identification of potential risks that could impact a project or business, as well as the identification of potential opportunities for improvement or growth.
All project managers or business owners are required to file risk issue and opportunity.
Risk issue and opportunity can be filled out by identifying potential risks and opportunities, assessing their impact and likelihood, and developing mitigation strategies.
The purpose of risk issue and opportunity is to proactively identify and address potential risks and opportunities in order to minimize negative impacts and maximize positive outcomes.
The information reported on risk issue and opportunity includes the description of the risk or opportunity, its potential impact, likelihood, mitigation strategies, and responsible parties.
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