Q4. You are the project manager in a factory launching a new product line to produce Egyptian cotton bed sheets. They are produced here in Egypt and exported to Greece, Italy, Netherlands and Spain. These sheets produced are packaged and stored in the warehouse until they are shipped to their final destinations in each of these countries. Not only do they have a factory to produce the sheets but on the premises is right next to the farm where cotton is grown and harvested, they own 2 tractors and 6 trucks for this process after which it is transferred to the cotton gin (factory) for separation and processing using 6 different machines. 4 different trucks are available to transfer the finished good to the ports for shipment. There is a total of 500 workers in the business as whole.

1. Select one of the risk identification techniques, explain it and use it to identify some of the risks the project is exposed to:
2. Categorize these risks into risk you would transfer, you would hedge and you would retain. Note: you need to explain why you categorized each one as such.
3. Which of these risks can you apply a double trigger option on and why?