350 – 600 words
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.