Problem:
Briefly describe the four 4 risks you identified using the risk assessment techniques, describe your assessment decisions. Please include the following elements:
- Describe the risk assessment techniques you used to rank your 4 risks.
- Rank each specific risk, describing why #1 was your critical, #2 your high, #3 your medium, and #4 your low.
- Did you have several highs but no lows? Explain.
- Out of your risks, which ones were qualitative risks opposed to quantitative risks?
- Could a risk be both? Explain.
- Could you use the expected monetary value (EMV) or Pareto Analysis? Explain.