Risk response strategies
Risk response strategies are the ways in which risks can be handled if they occur. For negative risks, the appropriate strategies are: accept, mitigate, avoid, and transfer. For positive risk, the strategies are: accept, enhance, exploit, and share.
Choose 2 of the risks that identified and answer:
- For each of the risks, discuss whether the risk is a positive or a negative one.
- Why is this strategy appropriate for this risk?
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