Mitigating Project Risk

Using the attached Template beginning at page 6 (Project Risk Response Strategy – Unit 3), complete the following:

1. Define each of the risk response and implementation strategies for both positive risks (opportunities) and negative risks (threats).
2. Complete the Project Risk Response and Implementation Strategy section. In this section, you will do the following:
   • Add the risks you identified in Unit 2, and determine the type of response strategy you will use for each risk.
   • Discuss the response strategies for each of the identified risks. Describe the specific method of handling each risk.
   o Strategies for positive risks include accept, enhance, exploit, and share.
   o Strategies for negative risks include accept, mitigate, avoid, and transfer.

Sample Solution