a) Explain the advantages and disadvantages of using the following two qualitative methods of assessing specific project risk.

Question

i) Expert opinion;

ii) Brainstorming.

b) Describe each of the following three risk terms

i) Risk impact;

ii) Risk exposure;

iii) Risk proximity.

c) Explain what generic software risks are and state why generic risk lists are not regarded as useful in assessing specific project risks.

d) Explain how a probability impact grid can be used to prioritise project risks.

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