After a number of risk workshops, risks have been identified. Which is the first element the risk owner should look for in risk response plan to help mitigate the risks?
After a number of risk workshops, risks have been identified. Which is the first element the risk owner should look for in risk response plan to help mitigate the risks?
The first element the risk owner should look at in a risk response plan is the probability of a response triggering a secondary risk. Identifying potential secondary risks is crucial because it ensures that the implemented mitigation strategies do not introduce new risks that could further complicate the project's progress. This allows the risk owner to assess and manage the response plan more effectively, ensuring a comprehensive approach to risk management.
B. Verify due dates for the actions have been identified When developing a risk response plan, the risk owner should look for several key elements to help mitigate risks effectively. One important element to consider is the due dates for the actions that have been identified in the risk response plan. It is essential to establish clear and realistic due dates for the actions that are planned as part of the risk response. This will help to ensure that the risk response plan is executed effectively and that the risks are mitigated in a timely manner. The risk owner should verify that due dates for the actions have been identified and ensure that they are achievable and aligned with the project schedule. Other elements that the risk owner should consider when developing a risk response plan could include the probability of a response triggering a secondary risk, the impact on the quality of the components, and whether the risk response is tied to an activity on the critical path. By considering these elements
In Qualitative Plan, we should prioritize the risks according to the Schedule Management Plan and baseline and check if it affects a package of the Critical Path. In Risk Response planning, what is what we want the least? 1. New Risks after risk implementation >> Secondary risks 2. Quality damaged because of the implementation 3. Due dates are important but they come after assuring the response is appropriate.