Business - procurement risk and constraints

Prepare an explanation to the following questions using at least 300 words in your post.  Review the responses of one other classmate and offer your thoughts and opinions on their post.  Your response should be substantive and should not be similar to any other post offered.

Your project sponsor has asked you to explain the negative or threat risk response strategies and the opportunity or positive risk response strategies for a project.  How would you describe them to the sponsor?.