Risk management covers response, monitoring, controlling, prevention, and so forth. Above all else, it is concerned with project impact.

• In view of the fact that various measures and techniques can be used to mitigate risks, do you think that project risks can be completely eliminated? Why or why not?
• Although risk can be mitigatedand transferred, it can also be avoided. What are some examples of risk avoidance measures?
• Discuss the use of statistics as a way to monitor and control a project.