Note: Answer the questions in brief

Question 1:

a) What is meant by project deliverable? Write down the various types of deliverables.

b) Explain some strategies to identify potential and actual risk.

c) What are various steps involved in risk analysis?

d) How can you develop a risk management plan according to organisational policies and procedures?

e) What are risk control activities? List the types of risk control activities.

f) Why is it essential to monitor actual and potential risks according to agreed project and risk management plans?

g) Explain the impact of external environment on project activities.

h) How can you confirm that the plans reflect the changing environment?

i) Why is it important to report opportunities for risk control?