risk management question

7.2 Qualitative Risk Assessment Imagine that you are a member of a project team that has been charged to develop I newr product for the residential building industry. Using I qualitative risk analysis matrix, develop I risk assessment for I project based on the following information: Identied risk factors Likelihood 1. Key team members pulled on project 1. High 2. Chance of economic downturn 2. Low 3. Project funding cut 3. Medium 4. Project scope changes 4. High 5. Poor spec. performance 5. Low Based on this information, hos!r would you rate the consequences of each of the identied risk factors? Why? Construct the risk matrix and classify each of the risk factors in the matrix