Discuss-why is strategy appropriate for risk


Discuss below in a 500 words:

Risk response strategies are the ways in which risks can be handled if they occur. For negative risks, the appropriate strategies are: accept, mitigate, avoid, and transfer. For positive risk, the strategies are: accept, enhance, exploit, and share.

Choose 2 of the risks you identified and respond to the following questions:

For each of the risks, discuss whether the risk is a positive or a negative one.

Discuss the type of risk response strategy that is appropriate for each risk.

Why is this strategy appropriate for this risk?

How will you work with the project team to determine the risk response strategies for each risk in your project?

Write 2 more paragraphs that are an introduction and conclusion to this topic. Be sure to include your references, and format your submission in APA format.

Solution Preview :

Prepared by a verified Expert
Risk Management: Discuss-why is strategy appropriate for risk
Reference No:- TGS02060403

Now Priced at $25 (50% Discount)

Recommended (91%)

Rated (4.3/5)