Question: GGR has taken on a major project, which involves designing and building a new railway network The project is at the initiation stage and the
GGR has taken on a major project, which involves designing and building a new railway network The project is at the initiation stage and the project team have just carried out a risk assessment. They are now drawing up a risk management strategy to address the following aspects of the project There are many suppliers GGR can use There is one major investor providing the funding There is the possibility of some equipment failing, however, this will not have a major impact on the project Key staff and skills needed to design and build Match the following risks with the appropriate strategy for managing each for the railway project. Risk Strategy Supplier pulling out Non-key team members being ill Equipment failure Major investor cancelling Accept Avoid Reduce Transfer
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