Tag Archives: Risk

What is Transference?

Posted on April 2, 2010 by Mark Smith

Transference Transference is a strategy to mitigate negative risks or threats. In this strategy, consequences and the ownership of a risk is transferred to a third party. This strategy does not eliminate the risk but transfers responsibility of managing the … Continue reading →

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What is Acceptance Response?

Posted on April 1, 2010 by Mark Smith

Acceptance Response Acceptance response is a part of Risk Response planning process. Acceptance response delineates that the project plan will not be changed to deal with the risk. Management may develop a contingency plan if the risk does occur. Acceptance … Continue reading →

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What is Exploit Response?

Posted on March 31, 2010 by Mark Smith

  Exploit Response The exploit response is one of the strategies to negate risks or threats appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is … Continue reading →

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