Managing Project Risk (Project Risk Management)

QUESTION 4 [20 Marks] Refer to the strategies to deal with negative project risks. Identify a project of your choice and deliberate on the negative risks identified. Analyse and critically discuss the strategies to deal with the negative risks that you have identified.

QUESTION 5 [20 Marks] Positive project risks usually enhance the achievement of project objectives. Chose a project and identify at least five (5) positive project risks. Apply the three (3) strategies to deal with these identified positive project risks.

QUESTION 6 [20 Marks] During the project plan risk response stage project risks are assessed. Identify a project that you are familiar with and assess the identified risks. Record at least ten (10) of these risks on a risk response planning table. Thereafter, critically discuss the risk response plan for each recorded risk.