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Precautions
-Determine the actions that must be taken to meet project objectives -Refine project objectives -Defing project scope
risk assessment
An epic in Jira is a large body of work that can be broken down into smaller tasks, while a task is a specific piece of work that needs to be completed. Epics are used to organize and track progress on larger projects, while tasks are more focused on individual actions that need to be taken.
Risk assessment is a process of understanding types of bad things that could occur, likely-hood of those bad things to occur and gravity of the effects. Risk assessment decision helps to lower risk as much as possible. Sometimes the risk will be acceptable and in other circumstances risk must change to accept. To reduce risk, action must be taken to manage it. These actions taken to reduce the impact must provide more benefit than it costs. They must be acceptable by the stakeholders.