1- Identify 5-10 risks . Risks could be technical, economical, business, known, unknown, or generic.

Risks: Compatibility issues Integration challenges, Performance bottlenecks, Technology costs, Installation and procurement expenses, Regulatory changes, Lack of project management capacity, Dependence on external resources.

2- Use monte Caro Simulation to simulate the probability and impact of each risk as follows (10 points): o Randomly, assign a probability for each risk, use of a five-point Likert scale as:

o Highly unlikely (p < 20%)

o Unlikely (20% < p < 40%)

o About even (40% < p < 60%)

o Likely (60% < p < 80%)

o Highly likely (p > 80%)

Calculate the expected probability using 100 simulation trials. Randomly, define the severity impact of each risk (1:negligible, 2:marginal, 3:critical, 4:catastrophic) Calculate the expected impact using 100 simulation trials.

3- For each risk, calculate the Expected Risk factor (RF) = probability *impact (5 points)