Describe what needs to be done to manage risk on a project. When should this be done? How can a risk assessment matrix help in this process?

From your experience working on projects, list and categorize three risks. Was the response plan for those projects adequate to mitigate these risks? How would you respond to these risks now?

What risks for a project have the highest priority? Does the priority for a risk change as the project progress?

How does project risk change as a project progresses? What changes are made to the risk assessment matrix as the changes occur?