1. T3)Compare and contrast fast tracking and scope reduction as means of schedule compression. T4)A firm stores data for other organizations. The company stores data across many states, providing backup data storage for state, municipal governments, and large corporations. The firm is deploying a new set of storage devices that are faster, denser, and more energy efficient. Part 1: List and discuss the major risk management functions from a project management perspective for the new data storage project. Part 2: Describe a positive and a negative risk event, the related consequences, and the risk response plan for each of the two risks for the new data storage project.