How comprehensive probabilistic risk assessments

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Reference no: EM132282785

Please respond to each of the below questions in a minimum of 5 well written paragraphs demonstrating your comprehension of the noted concepts and the ability to practically apply through provision of examples, supported by quality references.

1. Explain how comprehensive Probabilistic Risk Assessments are used to determine potential risk values.

2. Explain the basic risk analysis process and application to operations and project management.

Reference no: EM132282785

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