Question 1) Explain what contingency planning you will need to complete the office renovation project.

Question 2) Explain what aspect of project quality management will help your efforts so quality isn't compromised.

Question 3) Watch the following video narrated by Dr. Mike Clayton and answer the following questions.

Project Risk Management - How to Manage Project Risk -

https://www.youtube.com/watch?v=xXV_gjtXMSk

• Why is risk planning important when managing a project?
• What is the definition of risk?
• Why do we measure the likelihood (probability) and the impact (consequence) of risks?
• How do we measure the impact of risks on the project or its activities?
• How do we measure the probability of the project risks?
• When do we start planning for project risks? Beginning? Middle? or End of the project?
• What is Dr. Clayton's 6Core Risk Management Strategies?
• How do we transfer project risks to a third party? Why is this important?
• When do we accept a project risk?
• What is Dr. Clayton's four-step process to manage project risks?
• What is the purpose of a risk log vs. a risk register?