Question: Complete the following activities Task 2.1 Identify project risks A) Consultation with the project sponsor Actively participate in a brieng session with the project sponsor


Complete the following activities Task 2.1 Identify project risks A) Consultation with the project sponsor Actively participate in a brieng session with the project sponsor (played by your trainer and assessor ) in week 1 of class . The project sponsor will outline the project and provide inputs on: ' Risk objectives ' Risk standards ' Risk context ' Risk categories Make sure to ask questions to inform the risk management processes for the project. Take notes and listen to the questions from other students. Please note that the trainer and assessor will validate your active participation in the briefing session and provide feedback in the marking sheet. If you are absent from class, it is your responsibility to make alternative arrangements with the trainer and assessor to gather inputs into the planning or risk management processes for the project Based on the brieng session and your project scenario review ,determine 0 Risk objectives (3) 0 Risk standards {3) ' Project risk context (30-50 words) ' Agreed risk categories (5-8) To inform the risk management process. Use the table below to document your analysis RiSk objectives (3) Identify potential problems before they occur so that risk- handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives Minimize threats and enhance opportunities. Identify, evaluate .mitigate and control Determine key risk indicators (KRI) and key performance indicators (KPI) to align effort to meet organizational strategic goals . Risk standards {3)
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