Mitigating Project Risks

Primary Task Response: Within the Discussion Board area, write 350 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 and implementation 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 and implementation 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.

Solution Preview

Mitigation of risks are ways in which the negative consequences of risk that people face in their daily undertaking can either be prevented from occurring, or the effects minimized (Jabareen, 2013). In the current world, individuals have been exposed to multiple risks ranging from theft to terrorism.

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