Question: Q5. [20 Marks] a. Qualitative analysis and quantitative risk analysis process are two main processes in risk management area. However, each one of these processes
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Q5. [20 Marks] a. Qualitative analysis and quantitative risk analysis process are two main processes in risk management area. However, each one of these processes have different function. Discuss. (5 marks b. Data gathering and data analysis methods are used widely in risk management processes due to its effectiveness in optimizing the risk management process. Sketch a diagram for data - information - report based on risk management processes with other project processes. Hint: your answer should be a sketch supported with comprehensive explanation. (10 marks) c. Project scope is one of the main objectives that may affected by uncertainty. Therefore, risk management processes need to be integrated with scope management due to the need of optimizing the project output. Discuss based on PMBOK principles. (5 Marks) UNIVERAS Fnd naner Q5. [20 Marks] a. Qualitative analysis and quantitative risk analysis process are two main processes in risk management area. However, each one of these processes have different function. Discuss. (5 marks b. Data gathering and data analysis methods are used widely in risk management processes due to its effectiveness in optimizing the risk management process. Sketch a diagram for data - information - report based on risk management processes with other project processes. Hint: your answer should be a sketch supported with comprehensive explanation. (10 marks) c. Project scope is one of the main objectives that may affected by uncertainty. Therefore, risk management processes need to be integrated with scope management due to the need of optimizing the project output. Discuss based on PMBOK principles. (5 Marks) UNIVERAS Fnd naner
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