Question: Developing risk Mitigation strategies. Develop a preliminary risk mitigation strategy for each of the risk factors identified in Problem. If you were to prioritize your efforts, which risk factors would you address first? Why?
Problem: Qualitative risk Assessment. Imagine that you are a member of a project team that has been charged to develop a new product for the residential building industry. Using a qualitative risk analysis matrix, develop a risk assessment for a project based on the following information:
Based on this information, how would you rate the consequences of each of the identified risk factors? Why? Construct the risk matrix and classify each of the risk factors in the matrix.