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Risk response planning

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Shahzaib Asad
risk identification and risk response
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Shahzaib -

What's the question?

Kiron
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Pavan Maddi
Community Champion
Buona Vista, Singapore
Shahzaib Asad would you be able to Elaborate more please? Thank you
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Lissette Indhira Pimentel Sosa
Community Champion
Program Manager| HARPER SRL Santo Domingo / Distrito Nacional, Dominican Republic
Shahzaib Asad what's the question you have about risk response planning?
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Verónica Elizabeth Pozo Ruiz RYLAI Access Control Quito, Pichincha, Ecuador
*Risk identification:
-Using techniques such as Brainstorming, Delphi Technique, Root Cause Analysis, and interviewing experts.
-Establishment of a risk register.
-SWOT analysis.
-Cause and effect diagrams

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*Plan risk responses:
Should incorporate strategies for either positive or negative risks.
-Negative risks need a mitigation plan, with strategies such as avoiding, transferring, mitigating, or only accepting the negative risk.
-Positive risks or opportunities need an aggrandized plan, with strategies such as exploiting, enhancing, sharing, or only accepting the positive risk.
-A fallback plan must be created, in the case of a risk that has occurred, and the primary response plan proves to be inadequate.

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