This week focuses on the student identifying core elements of his/her Project Risk Management Plan. Cost is important to a company when determining how they will allocate funds based on their return on investment (ROI). You will have an opportunity to examine this process. You will not only have an opportunity to answer a discussion question but you are required to respond to one other student to compare and contrast your understanding of risk management with their response.
Note: This is a two part question. Ensure your response and replies is a minimum of 200 words each and include two in text citations from two different sources.
- Explain the concept of cost on a project and three things companies should take in consideration for cost and why?
