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A manager be interested in analyzing risk to determine a range of outcomes.
What are the reasons to analyze risk?
Project managers and their teams undertake risk analysis, such as calculating the likelihood of various undesirable outcomes affecting a project, to avoid or minimize their impacts. The process can help reduce exposure, time, and budget overruns and keep businesses in compliance.
Analyzing risk can help to uncover threats to the success of the projects or business operations, such as: vulnerabilities in security; potential litigations, penalties and non-compliance issues; and, mistakes in budget or scheduling.
In general, there are 4 accepted ways to respond to risks, those are: avoidance, mitigation, acceptance, and transfer.
Learn more about analyze risk at: https://brainly.com/question/29343207
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