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Essay text:
In my opinion the following two key aspects could have been better managed by our group towards the contribution of the final presentation:
? Risk Analysis Stage within the Risk Management Cycle (Refer to Figure 1 and 2) and,
? Risk Monitoring and Control Stage (Refer to Figure 1 and 2).
2 Aspect 1: Risk Analysis
In our final video submission we specifically focused on one of the two methods used to undertake Risk Analysis, which was qualitative. The qualitative approach is the most used method due to its usually rapid and cost effective means of establishing priorities for Risk Response Planning (PMBOK,2004), thus the reason for our focus...
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