Discussion Post
Provide a graduate-level response to each of the following questions: Risk concerns both positive and negative aspects of a possible event. For example, when the covid 19 crisis occurred it offered an unexpected business advantages or new product for certain organizations - a positive risk came to volition for these organizations. Also, the crisis offered an unexpected negative risk, where no one would come to a movie theatre - a negative risk volition.
• How should an organization prepare for either type of event?
• How should a business avoid negative events occurring and enhance opportunity for positive events?
• Explain the concept of a Pareto Chart - provide an example - explain how the concept of the Pareto Chart might be used in making decisions about handling negative risks which could impact a project or organization.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.