In this assignment we will examine risk identification tools and techniques as defined in the PMBOK sections 11.1 and 11.2. Keep in mind that the term 'risk' simply refers to project uncertainty, and project 'uncertainty' can refer to both opportunities and threats (PMBOK sections11.5.2.1 and 11.5.2.2). For this assignment we will attempt to propose a practical process by which 'uncertainty' could be identified within a project. To help give this assignment context, you can assume that the project we working on is a Dream House Project with a Work Breakdown Structure (WBS) that is similar to what i shown below: Dream House Project Foundation & Landscape (ID 100) Outside (ID 200) Inside OD 300) Inspections (ID 400) Project Management (ID 500) Excavate Foundation (ID 101) Frame House (1 201) Electrical (ID 301) Frame (ID 401) General PM (10 501) Construct Foundation (ID 102) Finish Roof (ID 202) Plumbine (ID 302) Electrical (10 402) Kick off meeting Team building - Status reporting Rough Landscaping [ID 103) Install Siding ID 203) Mechanical (ID 303) Plumbing KID 403 RISK Management (502) Finish Landscaping ID 104) Install Soffit and Fascia (1 204) Drywall ID 304) Mechanical (10 404 Quality Management (ID 503) Finish Carpentry & Fixtures KID BOS) Final KID 405) 2 Part 2 [3 marks): Develop a risk identification strategy (process) that explains how you would use industry best practices to identify risks (uncertainties) that are associated with individual WBS level 3 entries. Consider and examine the range of risk identification tools and techniques identified in the PMBOK Section 11.2.2. They are as follows: . . o . Documentation Reviews (PMBOK 11.2.2.3) Information Gathering Techniques (PMBOK 11.2.2.2): Brainstorming, Delphi Technique, Interviewing and Root Cause Analysis Checklist Analysis (PMBOK 11.2.2.2) Assumptions Analysis (PMBOK 11.2.2.3) Diagramming Techniques (PMBOK 11.2.2.3) SWOT Analysis (PMBOK 11.2.2.3) Expert Judgement (PMBOK 11.2.2.2) . . . . Select two different tools and techniques from different PMBOK sections (see above) and explain how you could practically use them on a Dream House construction project to identify project uncertainty (risks). Also, explain how the risk identification process (that uses your selected tools) would be integrated into your overall project planning process (for example, when would the risk identification process occur, who would be involved in it and when and how will it be updated?) 21