Question: omplete the Project Risk Analyses section by doing the following: For at least 5 risks, perform a qualitative risk analysis, and complete the probability and

  • omplete the Project Risk Analyses section by doing the following:
    • For at least 5 risks, perform a qualitative risk analysis, and complete the probability and impact matrix.
    • For at least 5 risks, perform a quantitative risk analysis, and complete the quantitative risk analysis results matrix.
    • For each risk, estimate the probability of occurrence and the potential impact level using scales of 1-5, with 1 being the lowest probability and potential impact.
  • Complete the Project Risk Response and Implementation Strategy section by doing the following:
    • For the above risks, determine the type of response strategy that you will use for each.
    • Describe your response strategy for each. Describe the specific method of handling each risk.
      • Strategies for positive risks include accept, enhance, exploit, and share.
      • Strategies for negative risks include accept, mitigate, avoid, and transfer.

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