Question: 3. Identify 15 negative risks (threats) events that could affect the objectives of the Project. A balanced set of risks types should be defined, e.g.

3. Identify 15 negative risks (threats) events that could affect the objectives of the Project. A balanced set of risks types should be defined, e.g. cost, schedule, quality, safety, and environmental risks. Provide a clear description of each risk event and clearly indicate the risk type. (5) 4. Perform a 7 scale semi-quantitative risk analysis, also explaining the scales used. (4) 5. Plot the risks on a suitable risk map and draw a Pareto threshold line that separates the risk events. (3) 6. Identify 15 positive risks (opportunities) events that could affect the objectives of the Project. A balanced set of risks types should be defined, e.g. cost, schedule, quality, safety, and environmental risks. Provide a clear description of each risk event and clearly indicate the risk type. (5) 7. Perform a 7 scale semi-quantitative risk analysis, also explaining the scales used. (4) 8. Plot the risks on a suitable risk map and draw a Pareto threshold line that separates the risk events. (3) 9. Compile a SMART (Specific, Measurable, Achievable, Realistic, and Timely) action list for the critical risks. (8) 10. Illustrate the actions on an Action Priority Matrix using a 4-scale Semi-Quantitative method (4) 11. Provide conclusions for your analysis. (4)
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