Question: Question 2 (20 Marks) Many projects, apart from a risk management plan, also include contingency plans, fall-back plans, and contingency reserves. Appraise the theory of

Question 2 (20 Marks) Many projects, apart from a risk management plan, also include contingency plans, fall-back plans, and contingency reserves. Appraise the theory of contingency plans, fall-back plans, and contingency reserves and apply them to the project. A discussion of relevant examples to the project for each will enhance your response. Your response should look at the following areas:

2..1 Appraise the theory of contingency plans, fallback plans, and contingency reserves (20 MARKS)

2..2 Apply this theory to your project by providing examples of the risks for each of the above (20 MARKS)

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