3.1 Discuss the benefits of using the risk driven occurrence approach to perform a quantitative risk analysis? Students seemed to confuse the response to this question with question 2.1. About half managed to correctly response to this. 3.2 Calculate at 5 possible total Expected Monetary Values for this risk profile defined in question 1 by estimating ranges for each risk? Only about 5 to 10 students managed to grasp this concept and made an attempt at a correct response while only 2 or 3 students managed a correct response. Majority of the students do not seem to understand this concept. 3.3 Explain what the different EMV values mean