Question: Question 5 You have been assigned to a project risk team for a concert for 20,000 attendees. Using what you have learnt on risk management

Question 5 You have been assigned to a project risk team for a concert for 20,000 attendees. Using what you have learnt on risk management formulate a risk management plan following the below steps:

a. Step 1: Risk identification - Using a risk breakdown structure identify and briefly explain at least 10 risks. b. Step 2: Risk Assessment - evaluate probability & impact of the 5 most critical risks you have identified and construct the risk severity matrix. Give a short justification for your decisions. c. Step 3: Risk Response Development - Formulate risk response and contingency or back up plan for all the 5 risks identified.

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