Ques 1. You look on your calendar and realize you have a dentist appointment tomorrow morning at 8:30 a.m. You're worried that you may miss the appointment if you sleep in (you don't have a car and it is a 20-minute walk to the dentist's office). You also know that if you miss an appointment, there is a $100 fee.

Remembering your project management course, you realize that you have a significant risk: missing your dentist appointment. When analyzing the risk, you assess the probability as high (you tend to sleep in often!) and the impact would also be high ($100).

To do:

Answer the following:

1. Which one of the risk response types would you recommend for this risk? Why did you choose this?
2. As part of this risk response, what specific actions would you perform? Be specific.
3. You also decide to create contingency plan. What actions would you plan as part of this plan?

Ques 2 : Three different risk response types that may be chosen for a risk are:

• risk mitigation
• risk avoidance
• risk acceptance

To do:

1. Provide a specific example of a risk that would be appropriate for each of the three risk response types listed above.
2. Please note: you may not use a risk listed in the textbook as your example.
3. For each example provided, indicate why the risk response type would be the most appropriate for the risk. Be specific in your reasoning.

Answer rating: 100% (QA)

Ques 1 For the risk of missing the dentist appointment I would recommend the risk response type of risk mitigation Reasoning Risk mitigation involves taking actions to reduce the probability of the ri... View the full answer