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Risk response strategies are the ways in which risks can be handled if they occur. For negative risks, the appropriate strategies are: accept, mitigate, avoid, and transfer. For positive risk, the strategies are: accept, enhance, exploit, and share.
For each of the risks, discuss whether the risk is a positive or a negative one.
1. Discuss the type of risk response and implementation strategy that is appropriate for each risk.
2. Why is this strategy appropriate for this risk?
3. How will you work with the project team to determine the risk response and implementation strategies for each risk in your project?
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Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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