Original answer only please

Question 7: Mitigation of Risk in a Project (5 marks)

Joes Cookies is planning to install a new automated assembly line to prepare, cook, and package their very popular line of chocolate chip cookies. Joes is concerned about the project going over costAce Manufacturing, the company that is designing, constructing, and installing the new equipment, is a fairly new company with an unproven track record. Joes has chosen Ace to manufacture their assembly line as Ace has promised a more automated process than their competitor with a good warranty program. Describe ways that Joes can mitigate the risk of going over budget.