Question: 2 . 1 Managing project risk is an ongoing activity and organizational culture significantly impacts risk management effectiveness. 2 . 1 . 1 Discuss the

2.1 Managing project risk is an ongoing activity and organizational culture significantly impacts risk management effectiveness. 2.1.1 Discuss the characteristics of an organizational culture that supports effective risk management during project execution. How does the project manager contribute to fostering such a culture. (10)2.1.2 Evaluate the phenomenon of participants being reluctant to acknowledge new risks or problems. What are the underlying reasons for this reluctance? How does this reluctance undermine effective risk management and potentially jeopardize project success? (6)2.1.3 How should risk identification and assessment evolve after the project is underway, as opposed to just the initial planning phase? What methods or activities are suggested for ongoing risk monitoring and identification?

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