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8 Cards in this Set
- Front
- Back
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Escalate |
The risk (or opportunity) is outside of the project scope and is escalated to management. |
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Avoid |
Avoid the risk. |
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Mitigation |
Reduce the probability or impact of the risk event. |
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Acceptance |
The risk may be small so the risk may be accepted. |
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Transference |
Risk ownership is transferred to third party, usually for a free. |
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Enhance |
A positive risk strategy to increase the probability or impact of the opportunity for the project. |
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Exploit |
A positive risk that a project wants to take advantage of. |
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Share |
A positive risk that can be shared with the organization or other projects. |
