Week 2 - Chapter 3 Discussion 2222 unread replies.2222 replies. Every IT project involves an element of risk. Systems analysts and project managers must be able to assess risk which may impact the successful implementation of a project. Tasks: In a graduate-level paper, of NO LESS than four (4) pages, develop a response to the following questions: What is risk? How will risk potentially effect a project? What types of risk are most commonly identified with project management? What is the difference between qualitative and quantitative risk analysis? What recommendations can you make to senior management, that will help to mitigate project management risks? Note: To receive full credit your response should not be a simple series of bullet points that address each number item above, via a definition. However, your response should be a well-written series of well-connected paragraphs that provide a comprehensive answer to the questions asked