Risk Response Planning (PMBOK® Guide 11.5)
|What:||Determining how best to deal with high-severity known risks.|
|When:||Project planning and execution.|
|Results:||Adjustments to the project plan dealing with preventable risks, with contingency plans for other risks.|
Identify Risks Requiring Response
Read down the risk register sorted using qualitative risk analysis or quantitative risk analysis. Select the significant risks from your risk identification that you should manage (typically, these will have at least moderate probability and impact).
Review the trigger events for these risks and determine when on the project's timeline the risk is most likely to occur. As Figure 80.1 shows, risk management involves prevention ...