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1.During risk analysis, it is required to distinguish between known unknowns versus unknown unknown. What does this statement mean? What is the difference between qualitative

  1. 1.During risk analysis, it is required to distinguish between "known unknowns" versus "unknown unknown". What does this statement mean?
  2. What is the difference between qualitative risk analysis and quantitativerisk analysis?
  3. Describe what is meant by the cost of quality of a project.

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