QUESTION $1$

$(25$ Marks$)$

$1\mathrm{.}1$ Mr$.$ Silva has assigned you to assist with implementing risk management on the project. Considering the

concerns about the project budget and potential cost overruns, provide a detailed recommendation to Mr $.$

Silva.

Justify your response with specific risk management strategies and how they can help manage the budget

effectively.

$1\mathrm{.}2$ Based on the case study, identify and discuss at least five potential risks associated with the Hyperloop

Project.

Populate a risk register with the following columns: risk type, category, description, impact, probability of

occurrence, and proposed mitigation measures.