Question: Question 3 ( 2 5 Marks ) A risk probability or consequence is often described as being, low, medium or high. The probability and impact

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.1(25 Marks) The primary output of risk identification is the risk register. With reference to the above the case study, design a risk register for the project and ensure that AT LEAST FIVE (5) relevant risks are recorded on the register. Thereafter, discuss the merits of each risk in the context of the case study.

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