CIS 517 Course Great Wisdom / tutorialrank.com CIS 517 Course Great Wisdom / tutorialrank.com | Page 17

3. Examine the four (4) types of risk response (i.e., avoidance,
acceptance, transference, and mitigation) and determine the
appropriate situation where each should be used.

4. Complete the table with the risk response type (i.e., avoidance,
acceptance, transference, and mitigation) and a description of the
response.

5. Create a decision tree with the software of your choice to address
risk number 6. Assume that when you check the schedule on day 60
of the project, it becomes evident that two (2) additional engineers are
needed to ensure on-time completion of the project. The engineers
cost $25,000 each and a fee of $120,000 is issued by the legacy
provider. The probability of completing the project on time is as
follows: With the current personnel – 60%; With one (1) engineer –
80%; With both engineers – 98%.

6. Explain the methodology utilized to create a decision tree and
recommend the appropriate action to take based on your decision tree
from criterion 5.

7. Use at least two (2) quality resources in this assignment. Note:
Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements: