Types of Risk Responses

1. What response types does Tasha's team have to choose from?

2. The team has decided that one of the biggest risks for this project is that the in-house gatewa program will not work. They have decided that they will create a prototype of the gateway, an test it on data they would convert. What kind of risk response type is this?

3. The team has decided that there is not much it can do if the office is closed down for several days due to a large snowstorm shutting down the city. What kind of risk response strategy is this?

4. The team has decided that it would be a good idea to hire an outsourcing agency to run the operating systems for the new computer systems since the MC company has decided to reduce computer operations personnel. What kind of risk response type is this?

5. The team has decided that although it will accept the risk of the office shutting down for several days, team members could work at home for the days the office is shut down. The team has created steps for taking action if the office does shut down. What kind of response this?

6. The team has decided that the requirements for the functionality for one of the systems is no-very clear. The team has decided to hold another requirements session to eliminate this risk. What type of risk response is this?

7. The team has decided to hire another gateway system from a reputable vendor if the in-hous gateway program fails after the first three conversion attempts. This contingency plan will be implemented only after the in-house gateway program fails. Why is contingency planning important, even if the team is able to create plans for mitigating the gateway's failure?

Answers

1. Tasha's team can choose from avoidance, transference, mitigation, and acceptance. It a should create a contingency plan for each risk it has chosen to deal with.

2. Creating a gateway prototype is a mitigation risk response type. This would help reduce t! probability of the gateway's failure. The team would add tasks to the work breakdown str and the project schedule to create this prototype.

3. If team members have decided they can do little about the office shutting down for sever: days, they have chosen acceptance as the risk response type.

4. Since team members have decided that it would be a good idea to hire an outsourcing ac to run the hardware for the new computer systems, they have chosen a risk response typ transference because they will transfer the risk of operating the computers to someone e

5. The team members created a contingency plan as a response when they decided that, although they will accept the risk of the office shutting down for several days, they could \ at home for the days the office is shut down.

6. The team has responded with an avoidance risk response type by holding another requirements session to eliminate the risk of the requirements not being clear.

7. Even thought the team members might have created several risk responses that reduce ■ failure of the gateway system program, it could still fail. So, it was important for the team members to still create a contingency plan in case, after all of their efforts, the in-house s still fails.

Team LiB

^ previous next ^

Outsourcing Survival Kit

Outsourcing Survival Kit

Tired Of Being Tied Down By Time? Wish You Could Achieve More And Earn More Within The Deadlines You Are Given? Want To Branch Out To Other Lucrative Areas Without Sacrificing Your Current Business?

Get My Free Ebook


Post a comment