![]() This risk response strategy ensures the identified risk has no chance of threatening the project. This may mean you choose not to begin a project because it's too risky, or you decide to remove specific tasks from the project to avoid the accompanying complications. With this strategy, you aim to avoid the risk altogether. The four main risk response categories Avoid Switch to a new risk response category if your initial category is no longer suitable for your project. Note that your risk response strategies may change over time, especially if the project requirements evolve or new managers and project owners are included. The category you decide to use depends on several factors, including the types of risk you may face in your project and the appetite for risk within your team and organization. ![]() There are four main risk response categories your strategy can fall under. What are the four risk response categories? Risk response plans help project managers identify and pursue any risks with substantial rewards that may be worth taking. Using risk response plans, project managers can find new approaches to executing a project by creating alternative ways to tackle risks and project limitations. The second is to identify opportunities within your project scope. Using risk response plans, project managers can forecast and eliminate anticipated threats and uncertainties. The first is to identify and mitigate predictable project risks. There are two main reasons why we need strategies for risk in project management. Why do projects need a risk response plan? Treating the risk response plan as a separate task may lead to the creation of ineffectual plans or last-minute changes. With this in mind, it's wise to develop the project plan and risk response plan simultaneously at the start of project planning.
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