Risk Response Strategies Contingencies Assignment DETAILS: This assignment is focused on risk response planning including topics such as negative/positive risk strategies and risk contingencies. Please reference the readings/videos, learning modules, and additional research as sources of information.REQUIRED ACTIONS: Answer the groups of questions listed below in 500-700 words.For this assignment, you can respond either by addressing the individual questions or in a more holistic way. However, you must address all of the topics and questions posed in your response regardless of format. Your response must be substantial and reflect critical thinking, problem-solving, and knowledge synthesis.When citing resources, don’t forget to use in-text citations and a reference citation at the end using proper APA style. Please consult Purdue’s Online Writing Lab (OWL) website or your APA guide to assist you. See: OWL APA Style Guide for assistance. DETAILS: This assignment is focused on risk response planning including topics such as
negative/positive risk strategies and risk contingencies. Please reference the readings/videos,
learning modules, and additional research as sources of information.
REQUIRED ACTIONS:
▪
▪
▪
1.
Answer the groups of questions listed below in 500-700 words.
For this assignment, you can respond either by addressing the individual questions or in a more holistic
way. However, you must address all of the topics and questions posed in your response regardless of
format. Your response must be substantial and reflect critical thinking, problem-solving, and knowledge
synthesis.
When citing resources, don’t forget to use in-text citations and a reference citation at the end using proper
APA style. Please consult Purdue’s Online Writing Lab (OWL) website or your APA guide to assist you.
See: OWL APA Style Guide for assistance.
QUESTIONS TO RESPOND TO FOR YOUR POST: Remember that when you use any reference as a source
for your posts, you must use the APA in-text citation format to credit the author and a reference citation at the
end. Brevity is key for this assignment.
For this assignment, research and cite at least one reference other than required and optional
viewings/readings and your texts. You must use both in-text and reference citations to receive points for
this assignment.
NEGATIVE RISK STRATEGIES: Please keep your responses thorough and informative, yet concise – more is not always better.
a.
List the four most common risk strategies for addressing NEGATIVE risks or threats. Describe and give at
least one example for EACH, preferably from your own experience.
b.
What is the most commonly used ‘negative’ risk strategy and why do you think this it is so frequently
used? Note – Your Risk Management book (by Heldman) discussed this topic.
Project teams tend to focus more on negative risks when planning for risk in a project. Why is the case please explain?
c.
d.
Extreme risks that are so severe and yet beyond the control of a project team are known as “force
majeure” events. Give an example of this type of risk by describing a project situation/scenario where a
“force majeure” risk would be a real consideration.
Purchase answer to see full
attachment