The project manager for the project in Problem 1 has estimated the probabilities of not detecting the risks in time to react to them as follows, again on a seven-point scale: Threat 1: 4, Threat 2: 1, Threat 3: 3, Threat 4: 6. Construct a FMEA table to determine which risks are now the “critical,” “monitor,” and “ignore” threats. How have they changed from Problem 1? Why? Does this new ranking seem more realistic?
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