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Effective Risk Response Strategies

This document outlines strategies for responding to risks in a project, including avoiding, transferring, mitigating, or accepting negative risks, and exploiting, sharing, enhancing, or accepting positive risks. It describes the major processes for developing risk response options and determining actions, with inputs like the risk management plan and risk register, and outputs like updates to the risk register and project management plan, as well as risk-related contractual agreements.

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drsuresh26
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4 views2 pages

Effective Risk Response Strategies

This document outlines strategies for responding to risks in a project, including avoiding, transferring, mitigating, or accepting negative risks, and exploiting, sharing, enhancing, or accepting positive risks. It describes the major processes for developing risk response options and determining actions, with inputs like the risk management plan and risk register, and outputs like updates to the risk register and project management plan, as well as risk-related contractual agreements.

Uploaded by

drsuresh26
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Plan Risk Responses

Strategies

Negative Risks (or Threats)

Avoid

Transfer

Mitigate

Acceptance

Positive Risks (or Opportunities)

Exploit

Share

Enhance

Acceptance
Knowledge Major Primary Inputs Tools & Primary Outputs
Areas Processes Techniques

Risk Response Developing 1. Risk 1. Strategies for 1. Risk Register


Planning options & Management Plan negative risk or (Updates)
determining threats
2. Risk Register 2. Project
actions to
2. Strategies for
enhance Management Plan
opportunities positive risk or
to reduce (Updates)
threats to opportunities
project 3. Risk related
objectives contractual
3. Strategies for agreements
both threats and
opportunities

4. Contingency
response
strategy

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