The case study project is a construction project of a new office building. The project manager has identified the following negative risks:

Delay in getting planning permission Cost overruns due to changes in the design Shortage of skilled labour Unfavourable weather conditions The strategies to deal with these negative risks are:

Contingency planning: The project manager should create a contingency plan for each risk. The contingency plan should include alternative solutions and actions to be taken if the risk occurs.

Risk transfer: The project manager can transfer some of the risks to third parties through contracts or insurance. For example, he can get a insurance against cost overruns due to changes in the design.

Risk avoidance: The project manager can avoid some of the risks by changing the project plan. For example, he can avoid delays in getting planning permission by getting the plan approved before starting construction.

Risk mitigation: The project manager can mitigate some of the risks by taking actions to reduce their impact. For example, he can reduce the impact of cost overruns due to changes in the design by having a contingency plan and by getting regular cost reports. The project manager should create a contingency plan for each risk. The contingency plan should include alternative solutions and actions to be taken if the risk occurs. Final answer: The project manager can transfer some of the risks to third parties through contracts or insurance. For example, he can get a insurance against cost overruns due to changes in the design.

The project manager can avoid some of the risks by changing the project plan. For example, he can avoid delays in getting planning permission by getting the plan approved before starting construction.

The project manager can mitigate some of the risks by taking actions to reduce their impact. For example, he can reduce the impact of cost overruns due to changes in the design by having a contingency plan and by getting regular cost reports.