Response
Student’s Name
Tutor’s Name
Course Title
Date
Response 1
A risk is an anticipated event that tends to occur, affecting the entire project; therefore, the project manager needs to develop an appropriate method to help manage and control risks. As discussed in the whole discussion, when the project managers ensure the maximum mode of contingency, the risk would probably have been monitored to some level.
Response 2
If risks are not well monitored and controlled automatically, some of the goals that are set for the project will not be accomplished. Therefore, it is appropriate for the project managers to develop suitable ways to monitor and control risks that might occur in the project. The act of monitoring the residual risks is one of the best ways of managing risks, just like how it has been discussed in the paper.