A pre-planned action plan defined in response to a specific risk(s).This plan is typically invoked if a risk becomes an issue.

2. Funds set aside to handle unknown costs that may arise during a project
4. Funds set aside to handle costs that may arise resulting from a risk occurring
6. A condition or event that causes a risk response/plan to be invoked.
8. The risk introduced as a result of the risk response plan for a specific risk.
10. "Leftover" risk after your risk response plan has been implemented
12. A plan that comes into effect in situations where the contingency plan is insufficient

Options

1.Secondary Risk

2.Residual Risk

3.Contingency Plan

4.Fallback Plan

5.Contingency Reserves

6.Management Reserves

7.Trigger