A telecommunications company has just assigned you to be project manager for a product improvement project. The scope statement of the project simply says, "Make this product better." The engineering team believes that they know how to make the product better and have ignored ideas from the sales team. The project funds are secure, as the company believes that improving this product will give them strategic advantages.

• Definethe risk management process.
• Explainthe role of risk management in the project planning process.
• Describeat least 2 risks and their sources for the selected scenario.
• Outlinehow risk management may mitigate the risks for each risk listed.
• Explainhow you would document the risk.