The activities you should do to manage project risk are (select all that apply):Group of answer choicesMonitor risks and when applicable mitigate, transfer, avoid, or accept risks.Plan your risk plan, then identify, quantify, analyse, develop plans, monitor and control.Some projects don’t have risks, so only make plans when absolutely necessary.Throw a bunch of money in a risk slush fund and use it as needed, then if it isn’t used, you can throw a fantastic party

The correct answers are:

1. Monitor risks and when applicable mitigate, transfer, avoid, or accept risks.
2. Plan your risk plan, then identify, quantify, analyse, develop plans, monitor and control.

These two options are standard practices in risk management. The first option involves monitoring the risks that have been identified and deciding on the best course of action, whether that's mitigating the risk (reducing the impact or likelihood), transferring the risk (to another party), avoiding the risk (by changing plans to bypass the risk), or accepting the risk (acknowledging the risk but proceeding with the project).

The second option is about having a risk management plan. This involves identifying potential risks, quantifying them (how likely they are and how much impact they would have), analysing them (understanding what could cause them and how they could affect the project), developing plans to manage them, and then monitoring and controlling these risks throughout the project.

The third option is incorrect because all projects have risks. It's important to plan for these risks even if they seem unlikely, as they could still have a significant impact on the project if they do occur.

The fourth option is also incorrect because simply having a 'slush fund' for risks is not a good risk management strategy. It's important to understand and plan for risks, not just throw money at them when they occur. Also, any unused funds would typically be returned to the organization or used for other projects, not used for a party.