Question: FIVE (5) a) When you start the planning process for a project, one of the first things you need to think about is: what can

FIVE (5) a) When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks when project planning. Explain this statement. (8 Marks) b) Risk allocation relates to determining who is responsible for dealing with risks. Risk should be allocated to the party that is best able to manage it or the party best able to control or minimize the impact of the risk. Explain this statement. (8

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