Assignment task: Answer the following:
Q1. Explain the Delphi technique? What is it used for?
Q2. Define and explain the critical steps to a watertight risk management process?
Q3. Define the difference between a contingency plan and a mitigation plan?
Q4. Define and explain the risk response strategies for positive and negative risks?
Q5. How to make a contingency plan? Explain in detail, give examples where possible.
Q6. What Is a Risk Response Plan?