Derek is a Project Manager at Dandelion Ltd and is beginning the project initiation phase...

yes – it is important that senior management are aware of the risks and a contingency plan is included

yes – all projects have financial risks associated with them and senior management must be aware of this

no – the project initiation should focus on the value-add objectives of the project

no – the project initiation focuses on the “why” of the project and should present a business case for completing the project