Problem 1:
Define risk and provide a classifcation of risk based on its sources. Provide an example for each risk source.
Problem 2:
How can you identify and differentiate three (3) examples between risk and uncertainty in this case: ABC Glocery and Supermarket Outlets plans to automate its warehouse by installing a computer-controlled order-packing system and a conveyor system for moving goods from storage to the warehouse shipping area.
Problem 3:
Prepare a risk breakdown structure associated with project of Problem 2 (above) from the point of view of the project management company that represents the owner of ABC Glocery and Supermarket Outlets.