Question 1 Part B - Assess the probability and impact of each threat: . e For each risk from Part A, specify if you would use quantitative (PMBOK Guide 11.4.2) or qualitative (PMBOK Guide 11.3.1) methods to estimate its probability and impact, and which method(s) you feel would be most appropriate for estimating or determining its probability and impact. For each risk from Part A, estimate its likelihood of occurrence and its impact on your chances of successfully completing this program. Risk likelihood and impact can utilize the following scales: Probability scale: A scale of one (1) to five (5), with one (1) representing the least likely to occur and five (5) representing risks that are the most likely to occur. o Impact scale: A scale of one (1) to five (5), with one (1) representing risk that would have the least impact on your success and five (5) representing risk that would have the most negative impact on your success. O Once you have estimated each number, calculate the risk score for each risk. Based on the risk scores of each of your identified risks, comment on which risk you should focus on (prioritize). Question 1 Part C: Probability and Impact Matrix (PMBOK Guide section 11.3.2.6): Question 1 Part B - Assess the probability and impact of each threat: . e For each risk from Part A, specify if you would use quantitative (PMBOK Guide 11.4.2) or qualitative (PMBOK Guide 11.3.1) methods to estimate its probability and impact, and which method(s) you feel would be most appropriate for estimating or determining its probability and impact. For each risk from Part A, estimate its likelihood of occurrence and its impact on your chances of successfully completing this program. Risk likelihood and impact can utilize the following scales: Probability scale: A scale of one (1) to five (5), with one (1) representing the least likely to occur and five (5) representing risks that are the most likely to occur. o Impact scale: A scale of one (1) to five (5), with one (1) representing risk that would have the least impact on your success and five (5) representing risk that would have the most negative impact on your success. O Once you have estimated each number, calculate the risk score for each risk. Based on the risk scores of each of your identified risks, comment on which risk you should focus on (prioritize). Question 1 Part C: Probability and Impact Matrix (PMBOK Guide section 11.3.2.6)