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This week, we will focus on the Identify Risks process.
Review the Work Breakdown Structure (WBS) presented in Week 4: Introduction and Lesson, or the Project Schedule Section E of your Course Project. Select one of the project tasks (i.e., task name) and identify the risk you might encounter in the execution of the task. Next, describe the root cause of the risk and the risk impact on the project objectives (i.e., cost, schedule, quality.).
For example:
Suppose a firm produces two goods and has the cost function, TC = 15Q1 + 15Q2 (the quantities of the two goods are given by Q1 and Q2).
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