Question: As mentioned in Chapter 1 , one attribute of a project is that it involves a degree of uncertainty. Such uncertainty can impact the outcome

As mentioned in Chapter 1 , one attribute of a project is that it involves a degree of uncertainty. Such uncertainty can impact the outcome of a project. A project manager must accept that risk is a part of project management and has to address it head-on. Furthermore, the project manager needs to set the tone for encouraging open and timely discussion of risks among the project team. 1. Describe what needs to be done to manage risk on a project. When should this be done? 2. How can a risk assessment matrix help in this process? 3. From your professional and / or adult experience working on projects, list and categorize three risks. Was the response plan for those projects adequate to mitigate these risks? How would you respond differently to these risks now

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