Assessment and Planning (1,500 words from Units 3 and 4) For this section of your Final Project, do the following: o Identify strategic management tools from your Readings and credible online sources that could be used to analyse risk associated with your selected project (Residential Tower). Explain the impact of each of these tools on your project and how effective they are. o Prepare a detailed response plan for the selected risk area. Your response plan should include a probability and impact assessment, prioritisation and identification of early warning indicators. In your response plan, also describe qualitative and quantitative tools that could be used to analyse risk associated with your selected project. Explain the impact and effectiveness each of these tools may have on your project. o Explain how you considered stakeholder risk tolerance. Would your planning for individual risks change depending on a stakeholder’s tolerance for risk? If you had to prioritise the stakeholders depending on their risk tolerance, how would you still reassure those who were more risk tolerant?
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