Question: 1. Project risks can/cannot be eliminated if the project is carefully planned. Explain. 2. The chances of risk events occurring and their respective costs increasing

1. Project risks can/cannot be eliminated if the project is carefully planned. Explain.

2. The chances of risk events occurring and their respective costs increasing change over the project life cycle. What is the significance of this phenomenon to a project manager?

3. What is the difference between risk mitigation and contingency planning?

4. Explain the difference between contingency reserves and management reserves.

5. How are the work breakdown structure and change control connected?

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