3. What is the difference between risk and uncertainty? What are the four stages of risk management? Assuming you were going to (build a large new database application, launch a new high tech product, or construct a freeway overpass or an alternative project of similar scale), list the categories of risk you would expect to encounter and provide an example of each. What are your alternatives at the beginning of a project to minimize the costs that come with adverse events associated with the manifestation of these risks?

4a. What distinguishes an agile from a traditional project? If you were replacing traditional with agile methods across all organizational projects, what sort of issues would you expect to encounter and how might you strategize toward addressing them?