Question B.2 a) The Project Management Life Cycle (PMLC) is a series of phases undertaken to deliver a required project. Answer the following questions i. Discuss the importance of the planning phase of the PMLC. [8 marks] ii. ii) Select two tools that can be used during the planning phase of the PMLC and briefly describe them. You may use diagrams to support your answer. [6 marks] b) This question is about risk and is split into two parts: i. Define what is meant by the term 'risk'. ii. [1 mark] You are the project manager for the project to expand the James Parsons building at LIMU (previously examined in question A3). You are to identify five project risks and prioritise these risks based on a simple scoring mechanism of your choice. For each risk, briefly outline a suitable risk mitigation strategy. Note that this is a construction project. [10 marks]