Discuss the criticality of project risk identification and risk response planning.

Discuss the criticality of project risk identification and risk response planning.

Part II—-80 words per answer to deliver by Friday 11/18
1.What are some risks related to sole source supplier situations?
2.What are some risks related to outsourcing? Offer suggestions for these risks.
3.List and describe key components of a risk action plan.
4.Provided limited time and resources, how would you manage developing risk action plans?
5.Explain how you intend to manage two risks in your project.
6.Relay why you chose the particular management techniques and how these techniques will be used.
7. Best practices for delivering a project on time.
8.Identify key activities to improve risk identification, assessment and management

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Part III to deliver by Sunday 11/20 @ 9pm MST
Prepare a paper of no more than 700, including the following elements:
•Determine project risk management procedures and relay forms of risk management.
•Determine responses to potential risks. Relay initial risk response measures for risks in earlier weeks.
•Create a risk action plan. Relay the components of a risk action plan and provide one example of a risk in your project. A portion of this assignment is utilized in your final project.
Please include an introduction and conclusion to the paper.