When completing a risk registry for an IPD project, which risk response would you assign if the mitigation strategy is to reduce the likelihood of the risk occurring?

1) Acceptance
2) Elimination
3) Reduction
4) Aversion

For an IPD project risk registry, if the mitigation strategy is aimed at decreasing the likelihood of a risk, the risk response assigned is reduction.

When completing a risk registry for an Integrated Project Delivery (IPD) project, and the mitigation strategy is to reduce the likelihood of the risk occurring, the appropriate risk response would be reduction. This involves the formulation of control measures or mitigation strategies that aim to lessen the potential impact of a risk or decrease its probability of occurring. Unlike acceptance (which means acknowledging the risk without active response), elimination (which is removing the risk entirely), or aversion (which may involve avoiding the risk by changing plans), reduction seeks to minimize the impact or likelihood without fully eliminating the risk.

When completing a risk registry for an IPD project, which risk response would you assign if the mitigation strategy is to reduce the likelihood of the risk occurring?1) Acceptance 2) Elimination 3) Reduction 4) Aversion

Answer :

Other Questions

When completing a risk registry for an IPD project, which risk response would you assign if the mitigation strategy is to reduce the likelihood of the risk occurring?

1) Acceptance
2) Elimination
3) Reduction
4) Aversion