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Define risk response planning

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Reference no: EM131523003

Please cite the sources within the paper. Paper must be in detail and 3-4 pages long. Please use creditable sources as well. Paper must flow well! Please take your time on it. Depending on the paper quality and nice tip will be awarded!

Perform Internet research on risk response. Find and review three sources from the search results. These three sources, along with the assignment readings (DoD, Kerzner, PMBOK, and Pritchard), should be used to answer the following questions:

  1. Define risk response planning and describe the key input(s) and output(s).
  2. What tools and techniques are recommended for planning responses to risks?
  3. Define a risk trigger and describe it's importance.
  4. What is the difference between a contingency plan and a fallback plan?
  5. Discuss how the cost, time, urgency, residual, and secondary risks can affect the decision on how to respond to risk.

Please make sure to include the items below in the paper!!

  • Thoughtful responses that compare/contrast/assess different authors' perspectives.
  • Your insights as well as examples from your personal/work experiences that demonstrate your ability to apply what you are learning.
  • Citations documenting the assigned readings that were used to answer the questions. 
  • All references listed correctly at the end of the paper and cited properly in the paper.

Reference no: EM131523003

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