Question: There are different techniques to identify, evaluate, and assess risk. There are qualitative and quantitative techniques, such as: Sensitivity analysis. Expected monetary analysis. Monte Carlo

There are different techniques to identify, evaluate, and assess risk. There are qualitative and quantitative techniques, such as:
Sensitivity analysis.
Expected monetary analysis.
Monte Carlo simulation.
Decision tree analysis.
PERT tree analysis.
Select one of these processes and discuss the advantages of the technique. Discuss any potential disadvantages of the selected technique.

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