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Define risk in the context of projects. ( 2 marks) Demonstrate if risk management is a proactive approach or a reactive approach. (6 marks) Differentiate

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Define risk in the context of projects. ( 2 marks) Demonstrate if risk management is a proactive approach or a reactive approach. (6 marks) Differentiate between avoiding a risk and accepting a risk. Further illustrate this with relevant examples. (8 marks) Your team is embarking on a simple project to bake a cake. Your team lists the following possible risks. 1. Poor air quality due to build-up of heat in kitchen. 2. Injury from lifting of heavy items. 3. Burn from hot appliances. 4. Fire from either appliances or ingredients. Based on these four risks, construct a simple Risk Assessment Form with THREE (3) parameters. (9 marks)

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