GBEPM610 semester 2 Final exam.pdf - Adobe Reader X File Edit View Window Help ROUGH 5 /5 + 100% Tools Sign Comment QUESTION FIVE (5) Sign In Export PDF a) "When you start the planning process for a project, one of the first things you need to Adobe ExportPDF think about is: what can go wrong? It sounds negative, but pragmatic project Convert PDF files to Word or Excel online. managers know this type of thinking is preventative. Issues will inevitably come up, Select PDF File: and you need a mitigation strategy in place to know how to manage risks when project GBEPM610 semester 2 Final ex... 1 file / 479 KB planning". Explain this statement. (8 Marks) Convert To: Page 4 of 5 Microsoft Word (*.docx) Recognize Text in English(U.S.) Change Convert Create PDF Send Files b) Risk allocation relates to determining who is responsible for dealing with risks. Store Files "Risk should be allocated to the party that is best able to manage it or the party best able to control or minimize the impact of the risk". Explain this statement. (8 Marks) c) Briefly illustrate how a not well-structured management technique could pose a risk to an organization. (4 Marks) [TOTAL: 20 MARKS] QUESTION SIX (6) a) With the aid of the well-illustrated diagram, explain what a risk management framework and its components are. Further why it should be linked to other business processes? (12 Marks) b) Briefly explain what Project Sustainability and Sustainability Risk are. (4 Marks) c) What do ISO 31000, Risk management - Guidelines provide? (4 Marks) Type here to search O 35 .C ENG 11:34 am INTL 07/10/2023