They turn to top management and ask them to take responsibility for risk management. Once they verify and assume responsibility for the risk, you are no longer responsible; However, you will record it in your risk register for further follow-up. Thomas is the project manager for his company`s NHJ project. He has identified several positive risk events within his project and believes that these events can save the project time and money. Are positive risk events like this one in the NHJ project also called what? Courtney is the project manager of her organization. She works with the project team to complete the qualitative risk analysis for her project. During the analysis, Courtney encourages the project team to begin by grouping the risks identified by common causes. What is the main advantage in grouping risks by common cause during qualitative risk analysis? Answer: This is a risky event that has only one negative side, such as loss of life or limbs, for example.B. Depends on the situation. There is no rule that defines order, both are independent techniques. In this case, you pay a third party to accept the risk if it occurs. The risk response escalation strategy can be used if the possibility of sale is outside the scope of the project or if the level of authority of the project manager is not sufficient to develop a response. Program or portfolio managers look at opportunities using the strategy for escalating risk response.

The acceptance strategy applies to both negative and positive risks. Whatever of these positive risk response strategies you choose, your risk response strategy must be recorded in your risk register. Which of the following options best describes Tom`s risk response strategy? An excellent example of release response is the tender for the job. You may find that your offer would be more successful if you were in partnership with another (i.e. shared) company. The opportunity (in this case to win the auction) would be more likely if you worked as a team. Another example might be that if you build something, working with a specialized firm for a particular component could give you the advantage.