1. Decide if your risk will be a threat or risk opportunity. 2. Label your statement as a risk threat or risk opportunity 3. Create a concise risk statement using the format taught in this course. Information D Remember to avoid the pitfalls discussed in Week 4. The risk statement format is Cause - Event - Effect. Context: Party Budget is $1,000 Schedule-2 Weeks until the party Party Date: Sunday July 1 , 1:00 PM to 5:00 PM Objective: Host a fantastic party to help get elected as Neighborhood Association President. This position pays $500 monthly and would look good on your resume. Detailed Budget: Deliverable Budget $400 $200 $300 $100 Food Decorations, plates etc. Entertainment Party Permit General Cost information: Tent Rental $300 Bouncy House $100-$200 Fireworks $250 Arts and Crafts $75 Early Application Party Permit $50 Firework Permit $50 Your neighbourhood is planning the annual Canada Day barbeque (BBQ) party and you are organizing it. There will be several young children (under 7 years) and a few teenagers (13 to 18 years). The 14-day forecast is calling for a 20% chance of rain. Renting a tent is not in your budget.