TASK: You are a project manager at Telkom. Your manager asked that you manage a project that entails the building of a telephone exchange in Johannesburg, Gauteng. The exchange will feed the businesses in the Johannesburg central area. In light of past project failures, your manager has requested that you afford extra attention to the risks associated with the project. There is no room for failure as the customers are expecting service on the promised date. Analyse the following questions and develop your response to each one by clearly showing how you will manage the project using sound project management principles. Answer ALL the questions in this section.

Question 1 (20 Marks) Project risk management principles acts as a yardstick to a project manager. For your project, discuss the risk management principles that you will be taking cognisance of so as to prudently manage your project risks