Exercises


1. Discuss the risk probability and impact assessment and probability and impact matrix tool used in performing qualitative risk analysis.
(Answer: see lecture 24, Section 24.1)
2. Discuss the decision tree analysis and the expected monetary value analysis tools used in performing quantitative risk analysis.
(Answer: see lecture 24, Section 24.2)
3. Conduct a comparison between strategies used for positive risks, negative risks and those used for both.
(Answer: see lecture 24, Section 24.3)
4. Highlight the main tools used in monitoring and controlling risk
(Answer: see lecture 24, Section 24.4)
5. Point out how can software facilitate project risk management
(Answer: see lecture 24, Section 24.5)