Question: Effective risk management involves a commitment to risk management by stakeholders, top management, the project steering committee, the project manager and project team members. Certain

Effective risk management involves a commitment to risk management by stakeholders, top management, the project steering committee, the project manager and project team members. Certain principles are required for prudent project risk management. Consider that you are the appointed project manager of a project to provide electricity to a new residential suburb in the Cape Town area. Critically discuss the risk management principles that you will consider as the project manager of the above-mentioned project.

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