Risk evaluation and remediation

Reflect on the assigned readings for Week 3 and then type a two page paper regarding what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. Define and describe what you thought was worthy of your understanding in half a page, and then explain why you felt it was important, how you will use it, and/or how important it is in project planning.

Also, please answer the following:

Explain each of the following steps in risk evaluation and remediation.
Risk identification
Risk evaluation for chance of occurrence
Risk evaluation for impact if the risk takes place.
The four types of risk remediation,
What is a project risk owner,
What is a risk threshold.
What is a risk matrix.

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