Use the projects you completed in Units III and VI to conduct a preliminary risk analysis. Use a qualitative and a quantitative technique to evaluate project risk. The total assignment is worth 100 points. Please submit as one document.
See the sample risk analysis on pages 253–254 in the textbook. Your essay should include the following components:
Generate a set of likely risk factors, and discuss them in terms of probability and consequences.
Use a qualitative technique to evaluate project risk.
Use a quantitative technique to evaluate project risk.
Develop preliminary strategies for risk mitigation.
Create a resource-leveling table for your project. For more information on resource leveling, refer to pages 407–416 in the textbook.
Your essay should be at least three pages in length, not counting the title and reference pages. All sources used, including the textbook, must be referenced. Paraphrased and quoted material must have accompanying citations. Your document must be formatted and references cited following APA guidelines.
Consider the following statements: The problem with risk analysis is that it is possible to imagine virtually anything going wrong on a project. Where do you draw the line? In other words, how far do you take risk analysis before it becomes overkill?
How would you respond to this observation? Please use examples to support your opinion.