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With the help of a diagram, explain the Risk management process in software project development.

Q2 :

You are a project manager of a system to be developed for the Metro express. The system will allow customers to purchase tickets to get access the metro system. The system will have automated gates that will verify the tickets before allowing customers to get access to the train stations. The access to the metro is either by using a one day ticket or a weekly ticket for frequent user or a monthly card. Your first task as the project manager is to perform a risk analysis for this project.

(i) Discuss how you will proceed in performing a proper risk analysis for this project.

(ii) Identify two potential risks for this project under each of the following risk categories: project risks, process risks and product risks.