Part 2. Write a 700- to 1,050-word paper in which you select scenario 3 the Risk Identification Scenarios Worksheet and do the following:

• Explain the risk management process.
• Evaluate the role of risk management in the project planning process.
• Compare at least 2 risks and their sources for the selected scenario.
• Assess how risk management may mitigate the risks for each risk listed.
• Explain how you would document the risk.

Format your paper consistent with APA guidelines.

Part 3. Integratethe worksheet into your Paper.

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Scenario Three

A telecommunications company has just assigned you to be project manager for a product improvement project. The scope statement of the project simply says, "Make this product better." The engineering team believes that they know how to make the product better and have ignored ideas from the sales team. The project funds are secure, as the company believes that improving this product will give them strategic advantages.

Risk event	Probability of risk event (1=high; 3=medium; 5=low)	Impact of risk event (1=high; 3=medium; 5=low)