Question: Briefly describe one technique for risk quantification. What are its benefits and limitations? Explain the difference between risk mitigation and risk acceptance. When is each

Briefly describe one technique for risk quantification. What are its benefits and limitations?

Explain the difference between risk mitigation and risk acceptance. When is each important? Provide and example of when it might be appropriate to use each technique.

3. What is the purpose of maintaining both a general management/risk reserve and risk-specific reserves that are calculated based on identified risks? In general, which of these reserves will be larger? Why?

Describe one issue that potentially limits the effectiveness of project management software in businesses. How can this issue be overcome?

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