Part 81: Contingent Response Strategies

Part 81: Contingent Response Strategies
(Project Risk Management: Plan Risk Responses)

• A Contingent Response Strategy is a response that we use when a Risk occurs.
• Each response must have a specific, defined, event that will trigger it.
• For example, we would only call the fire department when there is a fire (we smell smoke, or the fire alarm goes off)
• Executing the strategy costs money.  We should only execute the strategy if we have enough time to do so successfully.  That means that the trigger should be detected in advance.
• For example, we aren’t going to call the fire department if the building has completely burned down.   The fire department won’t be able to help, but we would still have to pay their bill.