Assignment:
Question 1. Explain why it is important to communicate current risk status.
· How do project stakeholders buy-in to risk management concerns or requirements?
· Why is it important for project stakeholders to understand risk status in your project scenario?
· Explain processes that link risk management to other procedures.
· Why is it critical for these processes to be linked to other processes?
· What is the primary venue for risk management updates?
· How is a risk watch list relevant?
· How would you propose to report risks in your project?
· Are there specific requirements that dictate risk reporting?
Write your answer in 150 words for each question.