PROJECT TASK You work for a software development company. Your software development team is working on a complex program that involves integrating multiple systems. One potential risk is that a critical system may fail, which could cause delays and increase costs. Your job is to mitigate this possible risk, of a critical system failure and to evaluate the impact on the project's scope, timeline and budget. You may then be required to develop a contingency plan that includes regular testing of the integrated systems and a process for quickly identifying and resolving issues. Choose any company as you see fit to contextualize the foregoing scenario of project risk.

Please Identify and contextualize the following risk management principles in the context of the project:

Understand the project$$s context,

Involve stakeholders,

Establish clear project objectives,

Develop the project risk management approach Report n risks regularly, Define clear roles and responsibilities,

Establish a support structure and a supportive culture for risk management,

Monitor for early warning indicators,

Establish a review cycle and look for continual improvement.

Use Harvard referencing not older than $5$years to reference the theory.