Question 2 (Marks: 30)
Read the scenario below and answer the questions that follow:
You have been contracted to plan a music festival in the spring. This event will require
promotions, volunteers, an artist line‐up, food, and cleaning services.
Q.2.1 With regards to managing risk answer the following questions.
Q.2.1.1 Discuss what a risk is, and what the process of risk identification
entails.
(5)
Q.2.1.2 Identify the main risk examples in the project scenario under the
following categories:
Technical ( 3 Risks)
Sponsor/Customer (2 Risks)
(5)
Q.2.1.3 Based on the music festival above and any four (4) risks identified in
Q.2.1.2, draw up a risk assessment matrix showing the risk response
plan