You are a project manager for a major construction project to build a new hospital in your city. The project is complex and involves multiple stakeholders, tight deadlines, and a substantial budget. Throughout the project, various risks have arisen, and you are tasked with developing and implementing risk response strategies to ensure its successful completion.

Assignment Question: In the context of the construction project mentioned above, analyze and provide recommendations for implementing the following risk response strategies:

Risk Sharing: Analyze the potential for risk sharing among project stakeholders. Describe how a risk-sharing strategy can be beneficial and which risks are suitable for sharing.