Hi Dear Tutor,

Could you please kindly explain the below questions in the context of Risk treatment:

1. Please Explain how the most appropriate and cost-effective risk treatment option(s) could be determined, including the choice of consultation processes that could be utilised.
2. Please Explain the contents of a typical Risk Management Plan, including risk response implementation and monitoring schedules, which would enable the effective management of risk events.
3. Please Explain how the Risk Management Plan would be communicated to all project stakeholders, and how these stakeholders would be advised of the occurrence and outcomes of any risk events.

Thanks in advance