Question: Regarding the 4 risk response strategies Avoidance, Mitigation, Transference, Acceptance, a. Which strategy should not be applied for high-ranking risks, and why? (2 marks) b.

Regarding the 4 risk response strategies Avoidance, Mitigation, Transference, Acceptance,

a. Which strategy should not be applied for high-ranking risks, and why? (2 marks)

b. Which strategy may not be applied if the root causes are not known, and why? (2 marks)

c. Suppose inexperienced project manager is a risk in a particular project. To cater to this risk, one possible action is to replace the project manager with a more experienced person. Briefly explain which risk response strategy you are applying? (3 marks)

d. Suppose replacing the project manager is not possible, describe another action plan based on a different risk response strategy to the one in (c). (3 marks)

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