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Explanation : Identify risk response strategies for the 15 risks that you previously identified. Use these risks (found in Unit 2's Risk Identification table). You
Explanation: Identify risk response strategies for the 15 risks that you previously identified. Use these risks (found in Unit 2's Risk Identification table). You can select only one risk response strategy per risk.Copy and paste 15 risks from the Risk Identification table, and update only new two columnsResponse Strategy and Action Plan.
Risk ID | Risk Description | Response Strategy | Action Plan |
Example | Sudden loss of electricity | Mitigate | Purchase generators and large fuel canisters |
1 | 100% cooperation from team | Exploit | |
2 | Communication issues, resulting in negative clarity and misunderstandings | Mitigate | |
3 | Penalties from compliance issues | Avoid | |
4 | Missing project deliverable definition | Avoid | |
5 | Not able to adjust the schedule of the project because if tightness and difficulty | Mitigate | |
6 | Challenging budget due to nearly exhausted budget for this fiscal year | Transfer | |
7 | Lack of highly skilled resources due to COVID-19 and no in-person meetings | Transfer | |
8 | Additional workloads due to changes in the requirement, policy, or statue | Transfer | |
9 | Approved supplementary budget | Exploit | |
10 | Being able to accommodate unplanned work | Enhance | |
11 | Pressure to reduce task durations, increasing the risk for errors | Avoid | |
12 | Projects not being addressed in a timely matter causing conflicts | Mitigate | |
13 | Consultant delays | Avoid | |
14 | Not enough time for testing causing a long number of post-launch defects | Transfer |
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