Management homework help

 
1. What is project risk?
2. NewPharma is a pharmaceutical firm formalizing a new product. What kinds of risk will it face? (5 points)
3. Building on question 2, discuss a strategy for risk planning and mitigation.
4. As a manager of a project describe your risk tolerance as well as organizational risk tolerance for the following risks.
a. Team members using Internet for personal use
b. Team members exploiting Internet for access to censored sites
c. Team members exploiting Internet for access to gambling sites
d. Team members storing personal data on their hard drives
e. Vendors providing gifts and dinners to your team members