a) With the help of examples clearly analyze any common six strategies for project risk response planning available in any project (5 marks)

b) Consider the following information;

State of Probability

(P)

State of Economy	Probability	Return XYZ Ltd.	Return ABC Ltd
Recession	0.20	4%	10%
Normal	0.50	10%	14%
Boom	0.30	14%	30%

1. What is the expected return for each project? (5 marks)
2. Calculate the risk of each project (5 marks)
3. Based only on your expected return calculations, which project between ABC and XYZ would you prefer? Why? (5 marks)