Risk Response Plan

Use Competitive Benefits Package

Write a 1,050- to 1,400-word paper in which you address each of the following items:

· What is the purpose of a risk response plan?

· What is a risk owner?

· Who should be appointed to own risk on a project?

· What is a risk owner's role in the risk response plan?

· How should a project manager assess and deal with risk?

· List and describe the most common areas of the project where risks can originate.

· List and discuss at least two types of risk for each area.

· What were the risks (list of risks below), and how were they handled? Should they have been handled differently?

Format your paper consistent with APA guidelines.

Risk 

Lack of Coverage

 Management Difficulties

Administrative Costs

Lackluster Record keeping

Decrease in Productivity

Potential of Losing Talented Employees

Additional Costs of Hiring Temporary Replacement