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How might a risk management plan handle a risk that has low probability and low impact?
Put on watch list with no further action taken
Avoid risk by taking actions to eliminate the threat
Mitigate risk by developing prototypes, more input and feedback
None of these
Not all risks can be avoided. Therefore, a strategy must be employed to prioritize how risks will be handled. A risk with low probability and low impact may be put on a watch list with no further action taken.
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