Selecting responses, how do you do it?
A brainstorming session or discussion with a colleague usually results in more possible responses than necessary. Which response you select depends on the expected benefits of a response versus the investment necessary.
The benefits of a response can be determined by answering the following questions for each risk a response influences:
- Effect on chance: does the chance of occurrence of a risk change if a response is implemented? If yes, how much more or less will it be?
- Effect on causes: what effect does the response have on known risk causes?
- Effect on effects: what effects does the response have on known risk effects?
Most responses require investments of various types.
- Finances: the budget needed to realize a response
- Required lead time: time needed to put a response into practice.
- Required working hours: number of hours, days or weeks people need to work to put a response into practice
- Level of acceptance: does the customer (within or outside the company) accept the proposed response? And to what extent do they do so?
- Secondary risks: what new risks arise as a result of the introduction of a response?
other responses: how is it possible to...
- view responses
- sort responses
- delete responses
- Link responses to other risks
- edit responses
- Add responses
- maintaining responses
- implementing responses
- Generating responses
- What risk strategy is the most effective?
- What basic responses exist for project risks?
- How can I manage risk responses?
- What does the response window look like?