Question

Risk response planning involves developing an action plan to reduce the likelihood of occurrence or potential impact of each risk, establishing a trigger point for when to implement the actions to address each risk, and assigning responsibility to specific individuals for implementing each response plan.True / False.

Answer 1

True

Step-by-step explanation:

Risk response Planing is the process of designing strategies and identifying steps for enhancing prospects and reducing risks to the project goals.Four approaches exist to tackle detrimental risks: prevent, relocate, reduce and embrace.