Question $1(15$ Marks$)$

$1\mathrm{.}1.$What are the four main steps in the project risk management process? $(5$ marks$)$

$1\mathrm{.}2.$Were the four main steps in project risks management process followed in this regard? Provide

motivation and recommendations.

$(10$ marks$)$

Question $2(15$ Marks$)$

$2\mathrm{.}1$ What are the different types of risks that can occur in a project? $(5$ marks$)$

$2\mathrm{.}2$ Describe the type of risks that occurred at Deep water Horizon oil spill. Provide motivation. $(10$ marks$)$

Question $3(15$ Marks$)$

$3\mathrm{.}1$ How can project risks be managed? $(5$ marks$)$

$3\mathrm{.}2$ In the case of the Deepwater Horizon disaster, which risk management methodologies should have

been employed to prevent the blowout?

$(10$ marks$)$

Question $4(15$ Marks$)$

$4\mathrm{.}1$ What are the benefits of effective project risk management? $(10$ marks$)$

$4\mathrm{.}2$ Suppose Deep water Horizon stakeholders paid attention to implementing or adhering to proper

risk management strategies, how will that practise benefit the company?

$(5$ marks