Write the following in APA format; 1. Technical Risks Risk Description: Potential for technical issues such as sensor malfunctions, pump failures, or software bugs. Mitigation Plan: Robust Testing: Conduct extensive testing of all components (sensors, pumps, microcontrollers) before deployment. Redundancy: Implement redundancy in critical components like sensors and pumps to ensure the system can continue to operate if one component fails. Regular Maintenance: Develop a maintenance schedule for periodic checks and replacements of hardware components. Software Updates: Plan for regular software updates to fix bugs and improve system stability. 2. Regulatory and Compliance Issues Risk Description: Difficulty in obtaining necessary licenses, permits, and meeting regulatory standards. Mitigation Plan: Early Engagement: Engage with regulatory bodies early in the project to understand all requirements and ensure compliance from the beginning. Expert Consultation: Hire legal and regulatory experts to guide the project through compliance processes. Comprehensive Documentation: Maintain thorough documentation of all compliance efforts and certifications obtained. 3. Cost Overruns Risk Description: Project costs exceeding the budget due to unforeseen expenses or inaccurate estimations. Mitigation Plan: Detailed Planning: Develop a detailed project plan with clear milestones and budget allocations. Contingency Fund: Allocate a contingency fund (typically 10-15% of th