Process Definition

Planning risk responses are the process for determining how you will react to certain risks.  Is the plan to accept the risk and roll the dice? Perhaps it is to avoid risk altogether?  Maybe the better decision is to transfer risk to a third party and make it their problem?  What about mitigation?  Which response applies depends largely on the risk in question and the best course of action to take.

Figure 25. Plan Risk Responses: Inputs, Tools and Techniques, and Outputs. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide), 5th Edition" by Project Management Institute, 2013, p. 342. Copyright 2013 by Project Management Institute, Inc. Reprinted without permission.

ARTIFACTS

1. PMGT 613 Team 2 Risk Register: This PMGT 613 team assignment serves as an input to the Plan Risk Responses Process.
2. Silver Fiddle Construction: This PMGT 613 Team3 project utilizes expert judgment as a technique to the Plan Risk Response Process.
3. Strategies for Negative Risks or Opportunities:  This PMGT 613 Blog discusses risk mitigation when confronted with negative risk opportunity, as a tool & technique to the Plan Risk Response Process.