Project Risk Management

1. Please exchange the challenges that even a seasoned Project manager would have in executing on a risk management for even a simple project, Explain how you would approach this challenge and what further obstacles you will encounter when you start training.2.In a project you have been just assigned there are numerous complexities: a) a large amount of overly technical work; b) the team are geographically disbursed; 3) the deadline is very tight. You bring the team into a conference room and spell your concerns. The team is very reluctant to offer possible risk, what are some of the techniques you can use to build a robust risk plan based off the issue above.3. You have just received a new job and one of the qualities that hired you for was the fact you have a strong project risk background. In the first presentation to management you should be present the following on project risk management?In the middle of the presentation one comment is that the risk process is too costly, how do you respond?4. Describe the methods to mitigate risk, how they are determined and what are the obstacles/downfalls for each option?5. In your new project you have implemented a risk management process. However, you are need to ensure risk monitoring is in place. What steps would you take in reference to training, tools and process?