Why is the strategy appropriate for the given risk

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Assignment

Within the Discussion Board area, write 350-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Risk response strategies are the ways in which risks can be handled if they occur. For negative risks, the appropriate strategies are: accept, mitigate, avoid, and transfer. For positive risk, the strategies are: accept, enhance, exploit, and share.

Choose 2 of the risks you identified in Unit 2, and respond to the following questions:

• For each of the risks, discuss whether the risk is a positive or a negative one.
• Discuss the type of risk response strategy that is appropriate for each risk.
• Why is this strategy appropriate for this risk?
• How will you work with the project team to determine the risk response strategies for each risk in your project?

Write 2 more paragraphs that are an introduction and conclusion to this topic. Be sure to include your references, and format your submission in APA format.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of 100-200 words about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:

• What did you learn from your classmate's posting?
• What additional questions do you have after reading the posting?
• What clarification do you need regarding the posting?
• What differences or similarities do you see between your posting and other classmates' postings?

Reference no: EM131963929

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