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Part 1
Reflect on the Chapter 11: Project Risk Knowledge Management and Chapter 12: Cultural Shaping of Risk and then type a two page paper regarding what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.  Define and describe what you thought was worthy of your understanding in half a page, and then explain why you felt it was important, how you will use it, and/or how important it is in project planning.   
Also, please answer the following:
Risk concerns both positive and negative aspects of a possible event. For example, when the covid 19 crisis took place this offered an unexpected business advantages or new product for certain organizations – a positive risk came to volition for that organization.  For example, when the covid 19 crisis took place this offered an unexpected negative risk, no one would come to your movie theatre, to come to volition for some organizations.  
How should an organization prepare for either type of event?
How should a business avoid negative events occuring and enahnce opportunity for positive events?
Explain th

e concept of a Pereto Chart – provide an example – explain how the concept of the Pereto Chart might be used in making decisions about handling negative risks which could impact a project or organization.
Note: Make sure to cite the references in the content as well as the reference section and follow APA format 
Part 2
#1
Overview
Over the past few decades, one of the most common types of projects within a business is the development of a new piece of software to facilitate a certain facet of business operations.  The assignment will entail a project concerned with the creation of a new version of business expense software for the entry of, tracking of, payment of business expenses accrued by organizational members during normal business operations as other related issues such as reimbursing employees for expenses they personally paid for during their business related travel.,
Assignment
1-Your first task is to create a risk matrix in EXCEL.
2-Identify the risks to be addressed with a rational as to why you have chosen these risks from the matrix.
3-Explain which of the four remediation methodologies you will use for each risk and why.
#2