Project Risk Response

Risk responses and action steps are defined during the riskresponse planning phase. Here the project team must plan theactions that will be taken should any identified risk actuallymaterialize. This is typically done for some subset of the totalpopulation of risk issues identified—most likely those that are ofthe highest probability and/or impact. Risks can be both negative(threats) and positive (opportunities). The possible strategies forresponding to negative risks include the following: avoid,transfer, mitigate, and accept. The possible strategies forresponding to positive risks include the following: exploit,enhance, share, and accept.

QUESTION

Based on the below risk register regarding the Pepsi RefreshProgram

Document the risk triggers in the project risk register inColumn G.

Document risk response strategies (plans) for each risk in theproject risk register in Columns L–M. The risk response strategiesshould be derived from the eight strategies of; responding tonegative risks include the following: avoid, transfer,mitigate, and accept. The possiblestrategies for responding to positive risks include the following:exploit, enhance, share, andaccept.

***Please Use The Scroll Bar To See ColumnsL-M*****

A

B

C

D

E

F

G

H

I

J

K

L

M

Risk No.

Risk Name

Risk Event Description

Risk Impact Description

Risk Type

Risk Source

Risk Trigger

Impact Score 1 to 5

Prob. Score 1 to 5

Risk Factor P*I

EMV*

Response Type

Response

5

Participants being treated fairly

Organizations participating in project feeling that votes arenot properly/fairly being collected

Being accused can cause claims fraud out of the contest

Compliance

Reputation

0.8

2

1.6

6

Project testing produce unsatisfied results

The board is not satisfied with the results after analyzing datafrom the 1-year pilot

The board decides to put a halt to the program

Strategic

Project Success

0.3

5

1.5

7

Participant Behavior

There is unwanted or inappropriate behavior on website thatbrings negative views about the project cause

Resulting in negative influences on potential grantees and/orinterested voters to support the cause

Reputation

Environment

0.3

4

1.2

8

Insufficient Resources for traditional marketing

Printing advertisements can be very costly

Resulting in not having enough people to distribute this type ofadvertisement

Financial

Staffing

0.6

2

1.2

9

Scattered results

The program Supports numerous organizations across variousissues/geographies so ideas are all over the place.

Makes it hard to concentrate on an impact of a specificissue

Strategic

Project Success/Reputation

0.3

2

0.6