4 Positive Response Strategies for Projects

4 Positive Response Strategies for Projects

 

Positive Response Strategies for Project as a concept addresses how to deal with risk scenarios that have a positive impact on the project.

 

Positive risks are risks that when taken, produce a positive project outcome. These can also be referred to as Opportunities. The Project Managers accept, retain and enhance the positive risks identified in a project.

 

Here are the positive response strategies for projects…

 

#1 RISK EXPLOITATION

These are often used when a project team wants to make sure that a positive risk is fully realised. This is often done by hiring the best experts in a particular field or ensuring that the right thing is being done.

 

SEE ALSO  The Concept of Triple Constraints in Project Management

#2 RISK SHARING

This entails partnering with another party in an effort to give your team the best chance of seizing the opportunity provided. Joint Ventures are a common example of risk sharing. 

 

#3 RISK ENHANCEMENT

This attempts to increase the probability that an opportunity will occur. This is done by focusing on the trigger conditions of the opportunity and trying to optimize their chances for occurrence. 

positive response strategies for projects

#4 RISK ACCEPTANCE

This involves accepting the risk and actively responding to it as ti comes, but not through pursuit.

 

 

Now your take on this argument.

We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.

You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.

 

SEE ALSO  7 Tools And Techniques For Plan Quality Management

 

You can also join our WhatsApp Group Here.
Kindly Subscribe to CRMNIGERIA Articles by Email

" This Post Was First Published On CEHNigeria "

Share This Post

Be the first to comment

Leave a Reply

Your email address will not be published.