Plan Risk Responses is mainly used to develop actions to reduce threats and enhance opportunities. It addresses risk by their priority and works with other knowledge areas to update budget, schedule, scope, resources, etc. to accommodate risk responses.

Watch the complete video to see different risk response strategies.
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Materials in this video are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute Inc., 2017.

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