Question: All projects have risks. What are risks? Should all projects risks be treated equally? Justify your answer. Describe, and if possible draw, the project risk

All projects have risks. What are risks? Should all projects risks be treated equally? Justify your answer. Describe, and if possible draw, the project risk management process and briefly outline each process step. Suggest four base strategies which can be used to manage risks on projects. Please answer each part. Thanks

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