SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
Question
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Pre-Assignment
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Run Chart
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Virtual Teams
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Quantitative Risk Analysis and Modeling Techniques
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Detailed explanation-1: -These techniques include the probability distribution, data gathering and representation techniques, sensitivity analysis, expected monetary value analysis, decision tree analysis, tornado diagrams and expert judgment.
Detailed explanation-2: -The tools and techniques in “Perform Qualitative Risk Analysis” include: Risk Probability and Impact Assessment, Probability and Impact Matrix, Risk Data Quality Assessment, Risk Categorization, Risk Urgency Assessment, and Expert Judgment.
Detailed explanation-3: -The following are the tools and techniques of the perform qualitative analysis process:-Risk probability and impact assessment: Risk probability assessment investigates the chances of a particular risk to occur.