A risk management system should provide stability and direction during the life cycle of any project. Through formal or informal risk management planning, the Project Manager should be able to facilitate the identification of the risk, encourage awareness of risks, delegate responsibility to the appropriate team members to identify and document risks and review status of risks with others on a project team for "mitigation" solutions.

Q2: Citing the PMBOK Guide (authors are PMI = Project Management Institute) and other readings assigned, define scope risk and explain, in your own words drawing from the 7 key risk management processes (see p.395, section 11 of your PMBOK Guide), two processes in this list that are you could apply to risks in a project based on your reading and understanding. For instance, how could you plan risk management and document risks?