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QUESTION
Risk is inherent to all projects. With increasing market competition, technology and globalisation, risk management is continuously gaining wider acceptance and importance and has become a must for project success.
(a) Taking an example of your choice, elaborate on the four possible choices in allocating the risks of a project.
(b) Risk Financing refers to techniques that provide funding to the project. Name the three methods available, elaborate on these methods, including how the risk manager would tackle them. Give one of their advantages and disadvantages.
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