What is the difference between using brainstorming and the Delphi technique for risk identification? What are some of the advantages and disadvantages of each approach?

Explain how to use decision trees and Monte Carlo analysis for quantifying risk. Give an example of how you could use each technique on an information technology project.

What are the 5 strategies for negative risks? Give examples of how you would use each of these on a construction project.

What are the 5 strategies for positive risks? Give examples of how you would use each of these on a construction project.