Risk Management Plan Outline, text readings Write a paper of nomore than 1,400 words, utilizing the scenario you selected lastweek. Each team member researches two tools or methods forqualitative risk analysis in the risk management industry. Eachteammate relays the following in a synopsis of no more than 150words: Description of tool or method One selected risk from yourproject How chosen risk could be qualitatively analyzed using toolor method Assessment of efficiencies or deficiencies Evaluation ofrisk scope and severity using qualitative analysis methodsAnalyze,as a team, qualitative risk analysis with research. Theanalysis must be no more than 1,050 words, in addition toindividual content, including the following: Narrative that assertstheoretical application of qualitative risk analysis Summation oftools and methods with pros and cons of each, preferably with atabular format and a supporting narrative Top three qualitativetools or methodology assessment with explanation Completeindividual and team elements to attain full points. A portion ofthis assignment is utilized in your final project. Format yourpaper consistent with APA guidelines. Click the Assignment Filestab to submit your assignment.