BSBPMG522 1.What is risk and risk management?

BSBPMG522

1.What is risk and risk management?

2.List ways to identify and manage risk in a project

3.Explain the following terms and their relation to a project

• Mission
• Goals and objective
• Operations

4.Explain the listed organisation's procedures and their relevance in relation to managing a project:

• Line of authority and approvals
• Quality assurance
• Human resources
• Budget and finances
• Record keeping
• Reporting