a. The risk management approach determines the processes, techniques, tools, and team roles and responsibilities for a specific project. The risk management plan describes how risk management will be structured and performed on the project. As a management process, risk management is used to identify and avoid the potential cost, schedule, and performance/technical risks to a system, take a proactive and structured approach to manage negative outcomes, respond to them if they occur, and identify potential opportunities that may be hidden in the situation. The risk management approach and plan operationalize these management goals. Based on the statement above, interpret what are the successful risk management approaches. (15 marks)