The team established clearly defined and well$-$documented risk processes and procedures largely based on Risk Decisions$$ training material. This gave Trevor the freedom to entrust others to use the Risk Register, safe in the knowledge that the proper processes were being followed.

Having Predict! software available at Contractor meetings meant that Trevor could perform genuine statistical analyses of risk, giving him quantitative results that provided a real insight into the cost and schedule implications of different progression options.

$$ The project was equipped to work effectively with his Contractor in the US$.$

The IPT gained confidence in their risk and opportunity management, a key contributing factor in bringing the $10\%,50\%,$ and $90\%$ confidences in line with schedule and cost targets.

Question $2(25$ Marks$)$

Project managers need to understand the implications of Risk Response Planning adopted. Appraise the following Risk Response Planning that don$$t work in the context of the case study project: a$)$ The Ostrich Approach

Ignore the risk or pretend that they do not exist.

b$)$ The Prayer Approach

Look to a higher being to solve the problem or make the risk disappear.

c$)$ The Denial Approach

Refusing to acknowledge the risk or situation that may cause problems for your project

$($Kloppenborg: $2015).$ Clearly indicate the repercussions if these approaches were adopted by the project manager of the case study project.