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This assessment task will enable you to demonstrate your knowledge and understanding of:
Identifying project risks
Analysing project risks
Establishing risk treatments and controls
Monitoring and controlling project risks
Assessing risk management outcomes
To complete this assessment task you are able to research your answers using books provided or the Internet but your answers must be in your own words.
At the end of this task your assessor will give you feedback. Your assessor will also check all your answers; if your answers have been copied from other students from your current or other classes you will be required to resubmit this task again.
Please clarify any questions, which you do not understand fully with your trainer and assessor prior to you completing each question to ensure you are answering your questions correctly.
Please note that this task is to be typed up when you are submitting the task for marking unless specified otherwise.
Questions:
Read all discussion points below in class with your colleagues and your trainer and assessor, and provide answers to each question below.
Answer guide: This assessment task is to be typed up when presenting to your assessor for marking. In most questions you are expected to answer in approximately 2to 3 paragraphs unless advised otherwise.
1.1. It is important that project managers develop and confirm and identify risk objectives and standards of a project. To demonstrate your understanding of risk objectives of a project address each point below
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