Risk Identification and Mitigation Paper

7. Risk Identification
Licensing risk can be a high on impact due to failure of assembly and lack of proper documentation to continue project. This can cause a point of failure in releasing the product to the customer
Budget risk is based on what is available, not considering how this design will be implemented. Budget risk also includes the lack of funding for work, and the ability to continue on the boat installation project. Budget can be the single highest risk in manufacturing a product and the success life of the equipment.
Resources risk can be a result in a shortage of supplies fo…