Before planning risk responses what activity does the Project Manager need to do immediately before? Review past projects lessons learned Conduct risk analysis Plan risk management Identify potential risks The Project Manager needs a key supplier to expedite delivery of a key material. The PM offers the supplier a bonus if the materials can be delivered to meet this revised deadline. This is an example of Coercion Negotiation Influence Control A project's performance has steadily decreased to the point that the Project Manager needs to take drastic action. Which of the following actions would the Project Manager NOT undertake right away? Consult with the Project Sponsor to obtain additional funds or resources Make the issues known to the project team and seek their additional efforts Decide to cancel the project Begin using cost contingency reserves What is the greatest challenge facing a Project Manager when managing a high-risk project? Complexity of WBS Potential conflicts amongst team members Level of risk planning to undertake Number of project deliverables