Effective Risk Response Can Help Prevent a Project Failing or at Least Reduce the Negative Impacts of Risks That Affect It. Discuss the Risk Response Strategies That Could Be Used for This Project

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Effective risk response can help prevent a project failing or at least reduce the negative impacts of risks that affect it. Discuss the risk response strategies that could be used for this project
Risk response is the process of developing strategic options, and determining actions, to enhance opportunities and reduce threats to the project’s objectives. A project team member is assigned to take responsibility for each risk response. This process ensures that each risk requiring a response has an owner monitoring the responses, although the owner may delegate implementation of a response to someone else. There are several risk response strategies that can be discussed however; each of the strategies requires specific actions to be
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Risk type Risk Statement
Response Risk Response Strategy

Technical
-Design
-schedule
-equipment Inaccuracies or incomplete information in the drawings lead to rework of the design. Mitigate: Work with drawings to make sure they are accurate and complete. Carry out necessary survey if needed. Intensify pre-qualification and selection or qualified designers and contractors.
Transfer Engage a contractor in an all-inclusive contract where the damages incurred due to design issues are levied against the contractor. A design change that is outside of the initial scope may cause delay. Mitigate: Provide for change or variation prior to commencement of project
Avoid: Monitor design changes to keep the changes within scope.

Environmental Potential lawsuits from environmental pressure groups may challenge the processes, delaying the start of construction. Mitigate: Address concerns of stakeholders and public during environmental process. Schedule additional public outreach. Contact Environmental Impact Assessment (EIA) Deforestation due to land clearance Mitigate: Schedule tree planting in around the complex and over local authority to plant trees in any area of the hinterland community.

Procurement Overstating of needs and prices. Mitigate: Ensure any quotes come from reputable

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