SAB9#134_135 Risk response threats & risk response opportunities strategies

Risk register
Risk managment plan
Response strategies for threats
1. Avoid
  Annotations:
  - high priority & high impact
2. Mitigate
3. Transfer
  Annotations:
  - low priority & low impact
4. Accept
  Annotations:
  - A decision to accept a risk must be communicated
  1. Active
    Annotations:
    - Invlolve creation of contengency plans, allocation of time and cost reserves
  2. Pasive
    Annotations:
    - Refers to leave actions after risk occurs (workarounds)
5. Secondary risks
6. Residual risks
Response strategies for opportunities
1. Exploit
2. Enhance
3. Share
4. Accept
Must be timely
Effort selected must be appropiate
One response can be used to address more than one risk
More than one response can be used to address the same risk
A response can address a root cause of risk can be able to address more than one risk
Team, stakeholders and experts should be involved in selecting a strategy

Resource summary

	Created by David Martinez Cruz over 10 years ago