Identifying Risk and CBA

1. State the importance of identifying risks and categorizing them as high, medium, or low probability. Explain why risks associated with the critical path of the project need special attention. Cite and reference your resources.
2. A financial analysis affects management decisions. Cost-benefit analysis (CBA) is a rational choice framework for identifying the best or most profitable option a decision maker can undertake. Given this information, how do you measure the net benefit of a project? Cite and reference your resources.

Remember, your initial response should be about 150 words, and 2 responses to your classmates should be about 75 words. Include your 2 references.