Question.3093 - Refer to the three risk response strategies (avoid, mitigate, and transfer) in the Module Nine lecture document. Discuss with examples, how you implemented at least two of those strategies in the projects you managed.
Answer Below:
Risk xxxxxxxx strategies xxx the xxxxxxxxxx we xxx make xx dealing xxxx the xxxxx we xxxx identified xxx quantified xxxxx are xxxxxxxxx types xx risk xxxxxxxx strategies xxxxx Mitigate xxx Transfer xxx Construction xxxxxxxx is x very xxxxx industry xxx the xxxx may xxxxxx in xxxx financial xxxxxx if xxx risks xxx not xxxxxxx One xxxx risk x faced xxx the xxxxxxxxxxx in xxxxxx of xxx material xxxx is x big xxxx since xxx budgets xxx allocated xxx every xxxxxxx and xxx change xxxxx result xx loss xxx the xxxxxxx This xxxx can xx transferred xx entering xxxx long xxxx agreement xxxx suppliers xxxxxxxxx the xxxxxx of xxxxxxxxx at x fixed xxxxx Thus xx this xxxxxxxxx the xxxx of xxxxx increase xx transferred xx the xxxxxxxxx But xxxxxxxxxx on xxx supplier xxx again xx risky xx the xxxxxxxx does xxx stand xxxx commitment xxxx in xxxx situation xxx risk xxx be xxxxxxxxx by xxxxxx a xxxxxxxxxx of xxxxxxxxx so xxxx the xxxxxxxxxx on xxx supplier xx mitigated xxxxx This xxxxxxxx strategy xx used xxxx responses xx negative xxxxx or xxxxxxx Using xxxxxxxxx you xxxxxxx to xxxxxxxx the xxxx event xx staying xxxx from xx or xxxxxxxxxxx it xxxxxxxxxx You xx something xx your xxxx so xxxx the xxxx simply xxx t xxxxx For xxxxxxxx if x construction xxxxxxx has x risk xxxx the xxxx truck xxx t xx delivered xx time xxx the xxxxxxx could xx delayed xxx money xxxx perhaps xxx would xxxx another xxxx reliable xxxxxx to xxxxxxx the xxxx truck xxxxxxxx Most xx us xxxxxxxxxx insurance-you xxx someone xx protect xxxxxxx the xxxx of xxxxxxxx losses xxxx transference xx another xxxxxxxx strategy xxxx to xxxx responses xxx a xxxxxxxx risk xx threat xxxx you xxxxxxxx the xxxxxxxxxxxxxx for xxx risk xx someone xxxx In xxxxxxx management xxxxxxxxx is xxx transference xxxxxxxx to x risk xxx you xxxxx also xxxx to xxxxxxxx the xxxx by xxxxxx a xxxxxx who xx more xxxxx at xxxxxxxxxx the xxxx For xxxxxxx on x construction xxxxxxx the xxxxxxx Contractor xxxxxxx subcontracts xxxxxxxx wiring xx an xxxxxxxxxx Contractor xxxx transfers xxx risk xx doing xxx work xxxx the xxxxxxx contractor xx trained xxxxxxxxxxxx Transference xxxx not xxxxxxxxxxx eliminate xxx risk-in xxxx the xxxxx who xxxxx on xxx risk xxxxxxx their xxx insurance xxxxxxx it xxxx project xxxxx still xxxxxx grave xxxxxxxxxxxx if xxx risk xxxxxx References xxxx Planning x d xxxxxxxxx May xxxx http xxx aug xxx drtmatls xxxxxxxxx teachingsessions xxxxxxxx Content xxxxxxxxxxxx pdfMore Articles From Project Management
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