Question: How do you manage negative or positive risks within your project? Share your experience through definitions and examples for each of the risk response strategies.
How do you manage negative or positive risks within your project? Share your experience through definitions and examples for each of the risk response strategies. You can use examples from your work, or you can give examples from another industry. Make sure that your example is relevant to the risk responses strategy.
Your discussion should include one bullet point for each of the following:
Escalate Threats
Avoid Threats
Transfer Threats
Mitigate Threats
Accept Threats Passively and Accept Threats Actively
Escalate Opportunities
Exploit Opportunities
Enhance Opportunities
Share Opportunities
Accept Opportunities
Implement a Contingency Plan
Use a Fallback Plan
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