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- Describe the general processes that should be followed in managing risks throughout a project. Be sure to include the general sequence in which these processes are carried out.
- Prepare a sample risk register for a project to put humans on Mars (four or five risks).
- Prepare a probability versus impact matrix for your school’s Winter Club ski trip (at least four identifiable risks).
- For one of the risks you have identified in question 2 or 3, describe how it could be avoided, transferred, mitigated, or accepted.
- What is the difference between qualitative and quantitative risk analysis? Which one is always done? Why is the other one not always done for every project?
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