1. During risk management planning, your team has identified 434 risks and 16 major causes of those risks. The project is the last of a series of projects which the team has worked on together. The sponsor is very supportive, and a lot of time was invested in making sure the project charter was complete and signed off by all key stakeholders. During project planning, the team cannot come up with an effective way to mitigate or insure against the risk. The work cannot be outsourced or deleted from the project. What is the best solution and why?
2. What needs to be completed after the qualitative risk analysis?
3. In order to perform a qualitative assessment, what needs to be completed?
4. ________________ are used to assign values to represent the order of magnitude risk will impact a project objectives. Define each rating.
5. What is the difference between Qualitative and Quantitative Analysis?