Please Answer the questions. Try to use 2-3 paragraphs per point. Please do not use bookish language give your own words.

point 1: Strategic risk planning:

What is meant by the term organizational structure?

Discuss the contrast between functional, projectized, and matrix organizations and how this plays a role in the responsibility and authority of the PM.

Discuss what is meant by risk tolerance and how different types of organizations might have different levels of risk tolerance.

Discuss the difference between risk mitigation and elimination and why the PM cannot simply eliminate risks in all situations.

point 2: Tactical risk planning:

Discuss the concept of tactical risk planning and how different types of projects might affect the PMs approach in planning for risks.

Discuss risk identification and why it is important for the PM to invest time at the beginning of the project to identify risk.

Discuss the four types of risk responses: avoidance, mitigation, transference, and acceptance.

Discuss the importance of communicating the risk management plan amongst the project management staff and others within the organization.

point 3: Risk management plan (process)

Discuss the risk management plan and why it is considered a process.

Discuss each of the nine specific areas within a risk management plan.