Question: 2. Every project manager understands risks are inherent in projects. (a) State six reasons why risk management is important in a project. (6) (b) Table

2. Every project manager understands risks are

2. Every project manager understands risks are inherent in projects. (a) State six reasons why risk management is important in a project. (6) (b) Table below shows the risk analysis of 5 tasks of a project. Table 1: Risk analysis No. Likelihood Task Score Impact Score 1 4 4 2 B 2 5 3 C 4 3 4 D 1 5 5 E 2 4 If severity score is taken to be Likelihood Score x Impact Score, calculate the severity scores for the tasks. Develop a 525 risk severity matrix and plot the 5 tasks in the matrix based on the calculated severity scores. Determine the level of risk severity based on the following categories: High = Score 16 - 25 Medium = Score 8 - 15 Low = 1-6. If you were given a chance to reduce the impact score for either Task C or Task E by one, choose a task and state your reason. (14) (Total /Jumlah: 20 )

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