QUESTION $1$

When you start the planning process for a project, one of the first things you need to think

about is what can go wrong. It sounds negative, but pragmatic project managers know

this type of thinking is preventative. Issues will inevitably come up$,$ and you need a

mitigation strategy in place to understand how to manage risks when planning.

$1\mathrm{.}1$ What are the six $(6)$ steps involved in the risk management process? $(6)$

$1\mathrm{.}2$ Identify four $(4)$ main industries that dominate the manufacturing sector in South Africa.

$(4)$

$1\mathrm{.}3$ Identify five $(5)$ factors that create risks for manufacturing businesses in the market

and South Africa. $(5)$