Question

Conduct a preliminary risk analysis of your project. Use two techniques, one qualitative and one quantitative, in supporting your evaluation of project risk. To do this, you will need to: • Generate a set of likely risk factors. • Discuss them in terms of probability and consequences. • Develop preliminary strategies for risk mitigation. An effective risk analysis will demonstrate clear understanding of relevant project risks, their poten- tial impact (probability and consequences), and preliminary plans for minimizing the negative effects.

Answer 1

Answer:

The way you could do a risk analysis of your project could be as I will explain below.

Explanation:

For example from the project: Selection of optimal culture media for the isolation of the Azospirillum bacteria, you must first know what risk factors could occur such as:

-Contamination of selection crops.

-Contamination of sterilization materials.

-The above risk factors can be evaluated with the elaboration of a qualitative technique such as a risk map or matrix that allows you to evaluate the probability that some of the aforementioned factors will occur and the impact it would have on the project.

-The qualitative technique that you could use is that of representation and data collection where you can make research queries and examine records that allow you to know what main factors could contaminate the culture media.

After having performed the above procedures, you must make a plan to minimize the negative effects:

In the case raised in this project we could say that it is important to verify the expiration dates of the culture media and verify the sterilization time of laboratory materials.