Risk Response Strategies
Notify management that there could be a cost increase if a risk occurs because no action is being taken to prevent the risk.
Accept
Remove a troublesome resource from the project.
Avoid
Remove a work package or activity from the project.
Avoid
Begin negotiation for the equipment earlier than planned so as to secure a lower price.
Enhance the impact
Assign a team member to visit the seller's manufacturing facilities frequently to learn about a problem with delivery as early as possible
Mitigate the impact
Move a work package to a date when a more experienced resource is available to be assigned to the project.
Exploit
Train the team on conflict resolution strategies.
Mitigate the impact
Prototype a risky piece of equipment
Mitigate the probability
Provide a team member who has limited experience with additional training.
Mitigate the probability
Outsource a work package so as to gain an opportunity.
Share
Ask the client to handle some of the work.
Transfer
Outsource difficult work to a more experienced company.
Transfer
