Discuss the response strategies for each of the identified risks. Describe the specific method of handling each risk
Define each of the risk response strategies for both positive risks (opportunities) and negative risks (threats).
Complete the Project Risk Response Strategy section. You will develop a risk response template if you are not using the Project Risk Management template that you downloaded in Unit 1. In this section, you will do the following:
Add the risks you identified in Unit 2, and determine the type of response strategy you will use for each risk.
Discuss the response strategies for each of the identified risks. Describe the specific method of handling each risk.
Strategies for positive risks include accept, enhance, exploit, and share.
Strategies for negative risks include accept, mitigate, avoid, and transfer.
The following matrix is an example of a risk response table:
Update the References page and the Table of Contents to show the correct page numbers.
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The need to avoid accounting errors in the bank which tend to be very costly have resulted in the need to come up with a bank accounting software that will result in accurate accounting calculations. This software program will help to manage the financial data of the bank’s customers. Additionally, the accounting software…………………………………..
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