Question: Exercise 2: A construction project may face with the following risks: - Project purpose and need is not well identified - Project schedule is not

Exercise 2: A construction project may face with the following risks: - Project purpose and need is not well identified - Project schedule is not clearly defined or understood - Lack of communication - Contractor delays - Errors in estimating cost - Force Majeure (for example, earthquake, tsunami,etc) Stakeholder action delays project Using the risk assessment matrix to analyze the above risks and develop appropriate responses to those risks

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