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Should every risk, no matter how major or minor, have a contingency plan created to address it? Why or why not? To help identify risks

  • Should every risk, no matter how major or minor, have a contingency plan created to address it? Why or why not?
  • To help identify risks in your class project, from what you have learned about project risk planning, what are some questions you should have asked yourself when reviewing the project WBS?
  • What are some differences between qualitative risk analysis and quantitative risk analysis? When is one method appropriate versus the other?

Please include scholarly sources to support answers.

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