Problem 1: Should every risk, no matter how major or minor, have a contingency plan created to address it? Why or why not?
Problem 2: 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?
Problem 3: 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.