The document outlines a risk management plan that emphasizes the use of both qualitative and quantitative processes to identify, evaluate, and assess project risks. It instructs the use of various analysis techniques such as sensitivity analysis, Monte Carlo simulation, and decision tree analysis, as well as brainstorming and the Delphi technique for risk identification. Additionally, it details the structure for evaluating risks and the integration of risk analysis techniques into the project.

1. Continue to use the case study (A&D High Tech) and Risk
Management Plan Template to identify, evaluate, and assess
risk. For this part of your risk plan, use qualitative and
quantitative processes, such as:
Sensitivity analysis.
Expected monetary analysis.
Monte Carlo simulation.
Decision tree analysis.
PERT tree analysis.
Also, use compare and contrast techniques for identifying risks,
such as:
Brainstorming.
The Delphi Technique.
Ishikawa diagrams.
Interviewing processes.
Include the following sections in your Risk Management Plan
submission:
3.1 Determine the Risks
(Identify and evaluate the types of risk that the project may
encounter.)
3.2 Evaluate and Assess the Risks
(Define the elements of the risk breakdown structure for use in
evaluating project risk. Analyze the impact of risk on project
outcomes. Integrate risk analysis techniques to create a risk
breakdown structure).
3.3 Qualitative and Quantitative Processes
(Apply qualitative and quantitative risk analysis. Use
sensitivity analysis, expected monetary analysis, decision tree
analysis, Monte Carlo simulation, and/or the PERT tree
analysis).