Question
On Sunday 19th of September 2021, Telkom received a report of a damaged undersea fibre optic cable. The majority of Telkom's system is based on
On Sunday 19th of September 2021, Telkom received a report of a damaged undersea fibre optic cable. The majority of Telkom's system is based on this fibre optic cable and its revenue will be severely affected if this cable is not fixed urgently. A specialist team is convened as a matter of urgency and the repair project is started with understanding the scope, schedule and cost. However, the project manager is not convinced that the cost is representative of the risk profile of the project. He appoints a risk specialist to ensure that the risks are properly understood and managed for this project. You have been retained as the risk management specialist for the project. 5.1 Using the Risk Management Framework methodology, summarise what the project needs to have in place for the project to manage the risks properly. (15 marks) 5.2 Propose at least five (5) risk identification techniques that will be important for this project. (5 marks)
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