Solved: How should risk quantification problems be resolved, Other Subject

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How should risk quantification problems be resolved

Discuss the below:

Risk Quantification

Q1. Given the complexity of the Space Shuttle Program, is it feasible andlor practical to develop a methodology for quantifying risks, or should each situation be addressed individually? Can we have both a quantitative and qualitative risk evaluation system in place at the same time?

Q2. How does one quantify the dangers associated with the ice problem?

Q3. How should risk quantification problems be resolved if there exist differences of opinion between the customer and the contractors?

Attachment:- The Space Shuttle Challenge disaster.rar

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