• Risk Analyses section by doing the following:
  • 
    
  • For at least 5 risks, perform a qualitative risk analysis, and complete the probability and impact matrix.
  • 
    
  • For at least 5 risks, perform a quantitative risk analysis, and complete the quantitative risk analysis results matrix.
  • 
    
  • For each risk, estimate the probability of occurrence and the potential impact level using scales of 1-5, with 1 being the lowest probability and potential impact.
• 
  
• Complete the Project Risk Response and Implementation Strategy section by doing the following:
  • 
    
  • For the above risks, determine the type of response strategy that you will use for each.
  • 
    
  • Describe your response strategy for each. Describe the specific method of handling each risk.
    • 
      
    • Strategies for positive risks include accept, enhance, exploit, and share.
    • 
      
    • Strategies for negative risks include accept, mitigate, avoid, and transfer.