Problem:
Project risks need to be analyzed both from the qualitative and from the quantitative points of view. Consider the aspects of qualitative risk analysis and respond to the following:
1. Describe the Top Ten Risk Item Tracking approaches for performing qualitative risk analysis.
2. Explain, with two examples, how the Top Ten Risk Item Tracking approaches help in monitoring risks.
3. Discuss the efficacy of this system for identifying and monitoring potential black swan events. How would you use this system to identify and track them, if possible?