Question $2$

$(25$ Marks$)$

Refer to the benefits of project risk management that you have studied. Appraise the benefits of risk management derived

by the HUMS project.

Question $3(25$ Marks$)$

A risk probability or consequence is often described as being, low, medium or high. The probability and impact of risks can

be charted by a project manager on a probability$/$impact matrix or chart. Use the identified risks of the case study project

$($AT LEAST $10),$ record them on a probability$/$impact matrix. Thereafter, justify the recording of each risk in the quadrant that

you have chosen.

Question $4(25$ Marks$)$

Refer to the strategies to deal with negative project risks. Identify the negative risks in the case study project. Analyse and

critically discuss the strategies to deal with the negative project risks that you have identified in the context of the case

study