Question: 2. Managing risks is becoming increasingly important for project management. (a) Explain the difference between known unknowns and unknown unknowns. (b) Name five different methods

2. Managing risks is becoming increasingly important for project management. (a) Explain the difference between known unknowns and unknown unknowns. (b) Name five different methods you can use to identify project risks (c) Explain how you develop a Probability/Impact Chart and how you use it for risk management. (d) Name three typical techniques for quantitative risk analysis. (e) Describe four response strategies for risks.

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