Project Risk Management is the art and the science of responding to project risk throughout the project life cycle and in the best interest of its obiectives.

Risk identification is an attempt to identify factors that may cause the project to get into trouble. It is an important part of project planning allowing the organization to be ready should any of the identified risks strike. Risk identification should provide potential solutions with which a team can respond quickly.

Using the PCNet case study and added appendices in module answer the following questions.

1. Risk identification, assessment, and response are taking place through the work that the project managers are doing.

Describe the steps and processes used for risk identification and assessment as you see it taking place in the PCNet project.

2. What are the fundamental steps that the PCNet project is using to respond to project risks?

3. a) Identify 2 major problems that are occurring in the PCNet project. What are the main items that strike you as most important.

b) Describe why these unforeseen problems are coming up at the end of the project despite management effort spent to contain them?