Risk Analysis and assessment is a key project management practice to ensure that the least number of surprises occur while your project is underway. A firm has hired you as consultant to identify the possible risk factors and prioritize them according to their significance. You have identified four possible risk factors which may create difficulty in implementing project management activities. These factors include financial risks (FR), schedule risks (SR), quality risks (QR), and operational risks (OR). Initially your team has conducted the qualitative comparative analysis so as to establish the pairwise comparison among different risk factors. Now your task is to identify which of these risk factors contribute most in hindering the successful project execution. Use AHP method in determining weights and ranks of these risk factors. Also check whether the judgements meet the required consistency (use random index value = 0.89)

RISKS FR SR QR OR FR 1 7 SR 3 1 5 QR 1 9 OR 3 9 1