In today’s world of project management, perhaps the single most important skill that a project manager can possess is risk management. Risk management includes identifying the risks, assessing the risks either quantitatively or qualitatively, choosing the appropriate method for handling the risks, and then monitoring and documenting the risks. 

Effective risk management requires that the project manager be proactive and demonstrate a willingness to develop contingency plans, actively monitor the project, and be willing to respond quickly when a serious risk event occurs. Time and money are required for effective risk management to take place. 

Read through the case study provided and answer the questions in this forum. You will be graded on by the assessor and your peers on this case study.