Renovation of Cambridge memorial Hospital Risk Management Plan &RISK RESPONSE PLAN,

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RISK RESPONSE PLAN
Project Name Renovation of Cambridge Hospital Risk Management Plan
[This section contains the project name that should appear consistently on all project documents. Organizations often have project naming conventions.]
#	Risk	Risk Response	Description	Contingency Plan
[1, 2, etc.]	[Name of the risk.]	[Accept/ Mitigate/ Avoid/ Transfer]	[Detailed description of how the selected risk response type will be implemented. Not required if the accept response type is selected.]	[Detailed description of the contingency plan. Includes the conditions that would cause the contingency plan to be invoked.]

Risk Response Strategies (Definitive Guide with Examples)

A Risk Response Strategy is a part of a project plan. It may require changes in all/any part of it.

How to select a Risk Response Strategy? How to implement it in your risk management plan? Sounds complicated...

But let me simplify it for you in this article.

Risk Response Strategy is an action plan on what you will Risk on your project. The main risk response strategies for threats are Mitigate, Avoid, Transfer, Actively Accept, Passively Accept, and Escalate a Risk.

(Risk Response Strategy or Risk Response Plan is the same thing in essence. You can use terms interchangeably.)

Below you will find examples of risk responses for both threats and opportunities.

List of Activities Du ration Cost Dependencies Assign Resources Resources Management Plan Draft Project Schedule Draft Project Budget Project Scope Breakdown Statement Structure Risk Response Strategy Any Other Important Information Project Charter Project Management Plan Quality Management Plan Procurement Documentation