2.1 Evaluate the significance of project stakeholder needs to project risk managers. 2.3 Using an example, discuss the meaning of the term risk assessment matrix. QUESTION THREE Describe the relationship between uncertainty and project risk management. 3.1

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2.1 Evaluate the significance of project stakeholder needs to project risk managers.
2.3 Using an example, discuss the meaning of the term risk assessment matrix.
16-16-15 ←
三三三三
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17°
Normal
Describe the relationship between uncertainty and project risk management.
Discuss the use of time planning as a project risk management tool.
Read the case study below and answer the questions that follow:
Internal and external risks in project management
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The most critical phase in the project life cycle is the conceptual phase or bidding process, since
only scarce information is available, and nevertheless, the project baseline has to be determined,
which more or less becomes a constraint for the project in terms of time and cost and product
performance. In other words, the proposal manager faces an obvious, but not easy to loose,
tradeoff: the more competitive the bid in terms of offered price and nonprice factors, the greater
may be the probability of winning, but, conversely, the higher may be the probability of deviation
from the planned project baseline.
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Transcribed Image Text:W AutoSave Off H PGDPM AA Calendar JULY 2022 Final No Label ✓ File Home Insert Draw Design Layout References 2 X U Undo Page 26 of 32 ▬ Paste Clipboard Arial Q Search BIU 25 of 5110 words U ab 12 ab x₂ A A Aa A X x ADA А Font Mailings QUESTION THREE 3.1 3.2 Search QUESTION FOUR Review View Help Paragraph Styles 2.1 Evaluate the significance of project stakeholder needs to project risk managers. 2.3 Using an example, discuss the meaning of the term risk assessment matrix. 16-16-15 ← 三三三三 2↓¶ 17° Normal Describe the relationship between uncertainty and project risk management. Discuss the use of time planning as a project risk management tool. Read the case study below and answer the questions that follow: Internal and external risks in project management English (South Africa) Text Predictions: On Accessibility: Unavailable No Spacing W Heading 1 The most critical phase in the project life cycle is the conceptual phase or bidding process, since only scarce information is available, and nevertheless, the project baseline has to be determined, which more or less becomes a constraint for the project in terms of time and cost and product performance. In other words, the proposal manager faces an obvious, but not easy to loose, tradeoff: the more competitive the bid in terms of offered price and nonprice factors, the greater may be the probability of winning, but, conversely, the higher may be the probability of deviation from the planned project baseline. e 5 Thembi Mdepa TM Comments Editing Editing Dictate Focus Reuse Files Voice Sensitivity Editor Reuse Files A Sensitivity ENG US Editor Share O V + 100% 03:26 2023/04/09 16
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