Business and Management

Develop a Matrix for the project/business that is based on the following 4 specific categories:

Critical Path at Risk
Why is Task at Risk
Plan to prevent Risk
Action if Risk occurs

Explain the appropriateness of this matrix and elaborate on its contribution to the efficiency and effectiveness of project management. Provide comprehensive analysis of these 4 specific categories

Also answer the following question(1 Page):

Often in business there is not enough emphasis on risk. Many projects fail due to improper planning and improper risk assessment. Now that you have defined your critical path it is time to think about risks associated with all of the tasks that have been outlined. Discussed dependencies to your path. Explain which of your tasks on your critical path present the most risk to your project, and explain what types of contingencies you need to put into place to protect the success of the project?

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