1) How does risk level vary with project life cycle stages? Where is the period of highest risk impact? Why? (5 marks) 2) What are the four distinct stages of systematic risk management and what takes place at each? (5 marks) I 3) What are any four common categories of risk? What is an element of each category? (5 marks) 4) Sketch a 2 x 2 risk management assessment matrix and discuss the impact of each quadrant