QUESTION $1(20$ Marks$)$

$1\mathrm{.}1$ With reference to the case study, identify who the key stakeholders are? $(2$ Marks$)$

$1\mathrm{.}2$ For the project sponsor to be at the same level as the project manager, there seems to be a need to

understand what a risk is$.$ Provide a clear definition of what a risk is$,$ and include the TWO $(2)$ primary

components of a risk in the definition.

$(4$ Marks$)$

$1\mathrm{.}3$ Risk management is a key component that will ensure a project is executed with minimal disturbance.

What is risk management and what does it entail?

$(4$ Marks$)$

$1\mathrm{.}4$ Identify TWO $(2)$ modes of communication that can be used by the two stakeholders in a project and

provide examples.

$(10$ Marks$)$