Project Risk Management

The discussion assignment for this week will be to determine what may be the best risk response for some given situations.

The following Discussion Board research will assist you in determining the correct responses. Research at least 2 sources (which may include your textbook) to support your response.

• The vendor that you hired is not performing. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.
• The equipment that you ordered for this project is now a month late. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.
• The location where the project is being developed has hurricanes that come through the area a few times a year. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.
• The task effort that was initially estimated is actually going to take three times as long because there is a learning curve involved. Identify the risk response that is the most appropriate for this risk (avoid, transfer, mitigate, or accept), and write a full description of the contingency plan to go along with the selected response.