8 'E' \\'t (\"3 E? ..III 49%- 1:53 QM ' ENGM116 Assignment 2: Project Risk Management Read and analyse the Case Study Formula 1: Unleashing the Greatest Racing Spectacle on the Planet (provided) Task 1: 50% Identify three key risks that could impact on business outcomes. Justify and support your choice of risks by reference to the literature. For each risk: 1. Build up the relevant risk specifications (see that attached template as a reminder of the field included in this) 2. For each risk a. Justify your choice of impact and probability ratings. b. Explore the potential mitigation and contingency plans Task 2: 35% Use two of the techniques covered in the module to explore one or more of these identified risks in more detail. Choose from: Pareto analysis, Riskit Analysis Graph, orthe Ishikawa diagram. Justify your choice of techniques considering their relevance and identifying at which part of the risk management lifecycle they are of most value. Support your argument by making reference to relevant risk literature. N.B. for this assignment you must explicitly state and justify any assumptions you have made in addition to the information provided in the case study. The assignment should be submitted in repon form with major sections matching the two tasks and the minor sections matching sub-tasks identified. The assignment should be of 3000 words in length. Citation and References List: 15% - All literature that is cited in the report must be listed. any references listed must also be cited within the report. - All references must be presented using formal Harvard Referencing style. Format for the assignment. Use the format given below A4 pages with margins 2cm. A standard font such as Arial, Times New Roman. or Calibri in Hot. Single line spacing. Paragraphs followed by opt spacing preceded by zero spacing. Headers on each page giving your name, student number and course. Footers on each page giving your assignment title. page number and count [page x of y) Do not use: A cover page table of contents abstract executive summary an introduction a conclusion or summary Page 2 of 5 III C)