CAPSTONE Project$1!$ Topic reseach in Quantifying Risk

Galway $(2004)$ discusses three risk elements that concern project management:

$$ Schedule $$ will the project be completed within the planned timeframe?

$$ Cost $$ will the project be completed within the allocated budget?

$$ Performance $$ will the output from the project satisfy the business and technical goals of the project? $(80$ marks$)$

Where possible, these risks should be quantified to enable the project team to develop effective mitigation

strategies for the risks, or to include appropriate contingencies in the project estimate