S tate whether True or False:

a. R ealistic business and project planning, and cost saving are some of the benefits of systematic risk management.

b. R isk management is a formal and orderly process for systematically identifying, analysing and responding to risk events throughout the life of a project.

c. R isk identification process is the process of systematically and continuously identifying, categorizing and assessing the initial significance of risks associated with a construction project.

d. For a construction organization, projects are the principal means by which a business moves forward.

e. Identification of stakeholders is not an important part in clarifying goals and assessing risk.

f. Iso-risk curves are used for risk identification and mapping.

g. R isk analysis and evaluation process includes data collection, modelling of uncertainty, and evaluation of potential impact of risk.

h. R isk treatment strategies are risk avoidance, loss reduction and risk prevention, risk retention and assumption, risk transfer, and insurance.

i. T he three broad types of risk factors are internal, project-specific and external.

j. Brainstorming and interviews are some of the methods for risk identification.