Question: All the risks in the risk register in question 1 were rated high after a qualitative risk analysis. Answer the questions that follow based on
All the risks in the risk register in question 1 were rated high after a qualitative risk analysis. Answer the questions that follow based on the case study. Response must not be more than 2 pages long. 2.1 Discuss the benefits of using a quantitative risk analysis as opposed to a qualitative risk analysis? (5) 2.2 Perform a quantitative risk analysis using static values for these risks using a risk aggregated approach and (15) discuss the inputs into the table and calculate the respective Expected Monetary Value for each risk. Students can make assumptions for assessing the risks in question 1 while responding to this question. Tabulate your response 2.3 Calculate the total Expected Monetary Value for this risk profile and discuss what it means?
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