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A firm stores data for other organizations. The company stores data across many states, providing backup data storage for states, municipal governments, and large corporations. The firm is deploying a new set of storage devices that are faster, denser, and more energy efficient.

Part 1: List and discuss the six steps in risk management for the new data storage project.

Part 2: Describe a positive and a negative risk event, the related consequences, and the risk response plan for each of the two risks for the new data storage project

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