Refer to the risk factors shown in Table 7.1. Assume your project team has decided upon the

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Refer to the risk factors shown in Table 7.1. Assume your project team has decided upon the following risk values:

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You wish to determine the overall project risk using a quantitative method. Following the formulas shown in Table 7.2, we can calculate both the probability of project risk score and the consequences of project risk score, as follows:

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Conclusion: Medium risk to overall project.

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