Assessment Components

1. Risk Identification:

• Briefly define the term "risk identification."
• Provide one example of a potential risk in a project scenario.

2. Risk Assessment

• Explain the difference between qualitative and quantitative risk assessment in one sentence.
• Name one benefit of prioritizing risks in a project.

3. Risk Mitigation

- Define "risk mitigation" in a project management context.

- Give a short example of a risk mitigation strategy.

4. Risk Monitoring

- State the importance of continuous monitoring in project risk management.

- Provide one method for monitoring risks during project execution.