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Assessment Components 1. Risk Identification: Briefly define the term risk identification. Provide one example of a potential risk in a project scenario. 2. Risk Assessment
Assessment Components
1. Risk Identification:
- Briefly define the term "risk identification."
- Provide one example of a potential risk in a project scenario.
2. Risk Assessment
- Explain the difference between qualitative and quantitative risk assessment in one sentence.
- Name one benefit of prioritizing risks in a project.
3. Risk Mitigation
- Define "risk mitigation" in a project management context.
- Give a short example of a risk mitigation strategy.
4. Risk Monitoring
- State the importance of continuous monitoring in project risk management.
- Provide one method for monitoring risks during project execution.
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