What are the components of risk


Assignment task: Answer the following questions: (1) What are the components of risk? (2) Give me 2 examples of qualitative risk analysis (provide examples from your IRP project). (3) Give me 2 examples of quantitative risk analysis (provide examples from your IRP project). (4) Explain the difference between project risk and business risk (provide examples of each using your IRP project). (5) What is meant by the following (provide examples from your IRP project): a. External-unpredictable risk: b. External-predictable risk: c. Internal risk: d. Technical risk: e. Legal risk: (6) What are risk response strategies in project management?

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