Risks, Issues, Change Requests, and Action Items › Manage Project Risks › Create a Response Strategy

Create a Response Strategy

Once a decision is made to mitigate the risk, the project manager creates and assigns the owner of the risk to develop a response strategy. Risk response strategies document the actions, tracking requirements, and other supporting information that is required to reduce the risk probability and impact.

Regardless of who owns the risk, you can assign individual response strategies to different resources, and each response strategy can have its own due date. These dates and names can be used with processes to send notifications and reminders to risk owners. You typically create a risk response strategy when you select a Response Type of Mitigate.

In some cases, you can accept the risk exposure and not pursue the risk.

Follow these steps:

1. Open the project and click Risks/Issues/Changes.
2. Open the risk.
3. Open the Properties menu and click Response Strategy.
4. Complete the fields and click Add to save your changes.