BUSINESS Business Institute INSTITUTE OF Australia WWW.BIA.EDU.AU | INFO@BIA AUSTRALIA Questions Provide answers to all of the questions below: 1. List five project management tools and explain their use in project management. 2. Outline three types of documents and sources of information that are used to define the parameters of a project. 3. Explain the importance of planning for risks in a project and list three processes that can be used to identify risks as part of a risk assessment process for a project 4. Explain the importance of a risk management plan in identifying and managing risks for a project. 5. Explain the process of risk avoidance in project management. 6. Explain the use of risk mitigation strategies in project management. 7. Explain the concept of risk acceptance in project management. 8. Explain the importance of quality assurance processes and procedures to guide effective and efficient project management. 9. Explain the importance of human resources processes and procedures to guide effective and efficient project management. 10. Explain the importance of budgetary/financial processes and procedures to guide effective and efficient project management. 11. Explain the importance of record keeping processes and procedures to guide effective and efficient project management. 12. Explain the importance of reporting in project management