Risk Management Assume you have just been assigned to a project risk team composed of five members. Your task, as project manager, is to develop a process for handling risks to the project. Because this is the first time your organization has formally set up a risk team for a project, it is hoped that your team will develop a process that can be used on all future projects. Your first team meeting is next Monday morning. Each team member has been asked to prepare for the meeting by developing, in as much detail as possible, an outline that describes how you believe the team should proceed in handling project risks. Each team member will hand out his or her proposed outline at the beginning of the meeting. What are the risks to the project? - To what degree could they impact (positive or negative) the project? - What contingency plans should we have in place to counteract them? - When/how should these actions be triggered to take effect? - Who will be responsible for taking action? - What types of controls/management systems should we have in place for these plans