Risk response strategies in risk management are critical for addressing uncertainties that may affect a project’s objectives, ensuring risks are effectively managed and opportunities are maximized.
These strategies are tailored based on the type of risk—positive (opportunities) or negative (threats). Strategies for Threats: Avoidance: This involves eliminating the threat by changing the project plan or scope. For instance, choosing a different vendor or redesigning a process to remove the risk altogether. […]
NewsRroom
