Leadership Module: Risk Responses Homework Assignment Analysis

This homework assignment analyzes various risk response strategies within project management scenarios. The student identifies and explains the application of acceptance and transfer methodologies in specific cases, emphasizing the importance of client relationships and communication. The assignment also addresses risk avoidance and contrasts it with risk acceptance, highlighting how organizations manage project threats and potential impacts. The student references relevant literature to support the analysis and demonstrates an understanding of risk management principles, including the role of HR departments and legal considerations. The assignment showcases the practical application of risk management concepts to real-world scenarios, providing insights into effective strategies for mitigating project risks. The student provides clear explanations of the different methodologies, and justifies the selection of each strategy based on the scenario provided.

Running head: RISK RESPONSES
RISK RESPONSES
Name of the student:
Name of the university:
Author Note:

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Question 3
1. In this case, the treatment method that is being used is significantly identified as the
“Acceptance”. This is because the client as well as the organization that is associated with the
development both comes to an agreement that eases the vulnerability associated with the
project. This acceptance methodology is set to be an important tool that is supposed to
provide a good relationship between both the clients as well as with the organization
(Hopkinson, 2017). Moreover, this maintains a transparency of the deliverable regarding the
client’s requirements.
2. The treatment method that will be significant for the case study that is provided in the
second question is depicted as the “Transfer Methodology”. This is because the organization
in any circumstances would not want to hamper the client relationship. This is to be adhered
by both the client as well as the project manager to clearly state the difficulties, as this might
ease or continue to maintain the relationship of the client with the organization (Brustbauer,
2016). The team if faces such difficulty must transfer this concern to the client and by the
help of a meeting the requirements must also be justified again for the smooth execution of
the overall project.
3. Yes, this case adheres the treatment methodology of “Transference” as this methodology
will be very effective in this case. The HR department will provide a knowledgeable person
who intends to ease the work as well as provide suggestions for avoiding the law that may
contravene the overall systems (Griffiths, 2016). Moreover, this case also adheres that the
fact of communication may help the overall execution procedure of the organization to be
seamless as well as effective for the organization.
4. Risk avoidance is stated to be a strategy of a risk response that is adhered by a project team
that further eliminates the threat regarding the project from any serious impact. It mainly

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adheres the plan of the project management that eliminates the threat within the project
entirely. Whereas, Risk Acceptance is stated to be a risk response strategy that decides the
acknowledgement of the risk but does not take any significant action regarding the risk. The
strategy is significantly adopted, where it is impossible to address the particular risks in any
way (Hajmohammad and Vachon, 2016). In this method there is a compromise situation that
the organization will adhere the consequences of the risks if it is seen to be occurring.

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References
Brustbauer, J., 2016. Enterprise risk management in SMEs: Towards a structural model.
International Small Business Journal, 34(1), pp.70-85.
Griffiths, P., 2016. Risk-based auditing. Routledge.
Hajmohammad, S. and Vachon, S., 2016. Mitigation, avoidance, or acceptance? Managing
supplier sustainability risk. Journal of Supply Chain Management, 52(2), pp.48-65.
Hopkinson, M., 2017. The project risk maturity model: Measuring and improving risk
management capability. Routledge.