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1. What are three of the strategies that should be used to respond to risk threats?
Exploit, Enhance, Share
Communicate, negotiate, abrogate
Avoid, Transfer, Mitigate
2. What is an action you could take to transfer a project risk threat?
Contract for insurance to address the risk. If the risk occurs, the insurance policy provides the money needed to recover from the risk.
Project risks cannot be transferred. The project leader and core team are still responsible for the risk.
Change the project plan so that a different department within the organization is responsible for the risky activity.
3. Which risk response strategy have you employed when you increase the estimate for a task due to a risk threat?
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