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You're in charge of a research and development project. The project risk owners informed you that the actual risk level for a risk event listed
You're in charge of a research and development project. The project risk owners informed you that the actual risk level for a risk event listed in the risk register is 20 (out of 25), whereas the evaluated risk level for the risk event three months ago was 9 (out of 25). Three months ago, one of the risk owners mentioned that qualitative risk analysis was used. With examples, illustrate a new risk analysis method that can be used to reduce the differences between assessed risks and actual risk level for the risk event. [20 Marks]
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