a. Why should students studying Business and Project Management take a Risk Management as a course? (5 Marks). b. You are an outside project management expert consultant for a struggling construction project. The project is important to the chief executive officer who is concerned the project is not going to hit its schedule date. As you study the situation, you discover that risk management have not been carried out for the project. This company apparently has been carrying out projects without any formal risk management. You are required to address top management on this serious omission which need to be addressed immediately before the project can proceed. Prepare a written speech which you will use to address these top managers to convince them to implement formal Risk Management [20 Marks]. Question three (25 Marks) a. Discuss the importance of a risk register in Froject Risk Management. [7 Marks] b. With the aid of a diagram, describe the importance of each of the contents of a risk register [18 Marks] Question four (25 Marks) a. What is the importance of risk identification [2.5 Marks]. b. Briefly describe any five tools used in risk identification [10 Marks] c. What is the importance of risk assessment [2.5 Marks] d. Describe the two techniques used in risk assessment. Differentiate the two techniques and state when each is more suitable to use [10 Marks]