1). There are several methods available to project and program managers to identify and manage project risks; however, the following two methods were used for this scenario: the Risk Assessment Form and the Risk Response Matrix. The risk assessment module allows project managers to identify the risks associated with a project, determine the likelihood of the risk occurring, the impact of the risk on the project, how difficult the risk may be to detect and, finally, identify in which stage of the project the risk is likely to occur. The risk response matrix allows project managers to identify the risk associated with a project and determine how to manage the risk by “mitigating, avoiding, transferring, sharing, or retaining” (Larson & Gray, 2014, p..