How could risk management have aided in the development of the Comet? Briefly explain.

$2.$ Identify the risk categories and subcategories $($e$.$g$.$ technical, financial, commercial, etc.$)$ and

classify them into an RBS as per Lesson $5$ in Plan Risk Management topic. Consider only two

levels.

$3.$ Identify the risks in relation to the comet then categorize them; in other words, place them at

the last level. Consider both threats and opportunities $($if any$).$ Create a risk register and start

populating it$.$

$4.$ Develop a qualitative $5$x$5$ risk matrix for these risk factors and assess them in terms of

probability and consequences. Update the risk register.

$5.$ BONUS question $(+10$ points$)$: Conduct a quantitative risk assessment on this project,

preferably addressing a testing issue within a decision tree model.

$6.$ What forms of risk response or mitigation would you consider appropriate for this project?

Provide a description of the risk response together with the respective type. Update the risk

register.

$7.$ Given that a modified version of the Comet $($the Comet IV$)$ was used until recently by the

British government as an antisubmarine warfare aircraft, it is clear that the design flaws

could have been corrected given enough time. What, then, do you see as de Havilland$$s

critical error in the development of the Comet? Briefly explain.

$8.$ Briefly comment on this statement: $$Failure is the price we pay for technological

advancement.