Assignment 2
Assignment 2
Instructions:
Q 1: What are the steps that you will take to do risk planning? (2.25 marks)
Risk planning You should make plans to address the risk, either by avoiding it or
minimizing its effects on the project.
What are the 5 Risk
Management Steps in a Sound
Risk Management Process?
All risk management processes follow the same basic steps, although
sometimes different jargon is used to describe these steps. Together these 5
risk management process steps combine to deliver a simple and effective risk
management process.
Step 2: Analyze the risk. Once risks are identified you determine the
likelihood and consequence of each risk. You develop an understanding of the
nature of the risk and its potential to affect project goals and objectives. This
information is also input to your Project Risk Register.
Step 5: Monitor and Review the risk. This is the step where you take your
Project Risk Register and use it to monitor, track and review risks.
Q 2: How will you manage underperforming team members? (2.25 marks)