Risk Response Planning

The next task that must be done in our risk management system is risk response planning. At this stage we have discovered all of the risks known to date and have an iterative process for discovering new risks as the project progresses. We have evaluated the risks and assessed their impact and probability of occurrence. We have prioritized the risks in their order of importance. We now must decide what to do about them. This is risk response planning.

Risk response planning is the process of developing the procedures and techniques to enhance opportunities and reduce threats to the project's objectives. In this process it will be necessary to assign individuals who will be responsible for each risk and generate a response ...

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