Explain with examples the differences between the following pairs of terminogies in project risk management:.iProximity and Dormancy of a Riski. Stakeholder Risk Threshold and Tolerance$1.$Variability Risk and Ambiguity Riskiv. Qualitative Risk Analysis and Quantitative Risk Analysis $.$VRisk Review and Risk Audit

b$)$ During the execution of a project, a risk si identified by a team member. This newly identified risk is currently not in the risk register. As a project manager, list and briefly explain the steps you will take to manage this risk.

c$)$ As a project manager, you will be required ot implement risk response plans for your projects. List and explain any five $(5)$ typical outputs of this process.$[10$ Marks$]$

QUESTION $2$Quality can be defined in several ways depending on the perspective from which ti is viewed. Thus, different people interpret quality differently. Professor $[$avid Garvin summarized $5$ approaches ot defining quality ni his book "Managing Quality"$($a$)$Explain any three $(3)$ of the $5$above approaches ot defining quality$($b$)$ Explain the difference between the quality concepts of TQM and Six Sigma $($c$)$Explain the difference between the DMAIC and DMADV Six Sigma methodologies$[25$ Marks$]$

QUESTION $3$Plan Quality Management is concerned with the quality that the work needs to have. tI provides guidance and direction on how quality will be managed and validated throughout the project.Describe the following and indicate whether they are inputs, tools or outputs in Plan Quality Management:$($a$)$Project Charter$($b$)$ Expert Judgement$($c$)$ Brainstorming$($d$)$Risk Management Plan$2$ Page CAUTION: DO NOT TAKE AWAY ANY EXAMINATION MATERIAL PROVIDED TO YOU, UNLESS YOU ARE TOLD TO DO SOPcu$/$idl$/$sem$1/440-18/19($e$)$Quality Management Plan$($f$)$ Organisational Process Assets$($g$)$ Enterprise Environmental Factors

QUESTION $4[25$ marks$]$Manage Quality may be described as the process of translating the Quality Management Plan into executable quality activities that incorporate the organisation's quality policies into the project ot increase the probability of meeting the quality objectives.Describe the following and indicate whether they are inputs, tools or outputs ni Manage Quality:$($a$)$ Project Management Plan$($b$)$ Organisational Process Assets$($c$)$ Project Document Updates$($d$)$ Data Analysis $($Root Cause Analysis$)($e$)$ Audits$($t$)$ Data Representation $($Affinity Diagrams and Scatter Diagrams$)($g$)$ PDCA$($h$)$ Quality Reports