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Classified in Mathematics

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RISK RESPONSE PLANNING

Prevention: Stop the risk occurring or negate its impact

Reduction: Reduce likelihood of risk occurring or minimise it’s likely impact to acceptable levels.

Transference: Transfer the impact of risk to a third party, such as an insurance company or contractor

Contingency: Actions planned and organised to occur if/when the risks occur

Acceptance: Where the risk impact is judged to be of no significance

STAKEHOLDER CLASSIFICATION

We can classify stakeholders as:

- Positive, negative or neutral to the project

- By the degree of influence* they may wield : Strong, Medium, Weak, None

- By their ability to stop or veto the project: Decision maker, Influencer,Consenter, Interested

Management/Leadership style

- Autocratic: Manager makes decisions himself or herself- allows subordinates little involvement and discussion before a decision is made

- Laissez faire: Manager does not interfere with subordinates – so subordinates are largely unsupervised, which may lead to anarchy

- Democratic: Manager allows subordinates to discuss issues and reach decisions, although he or she will guide and advise

- Discussing: There is two-way communication and discussion between manager and subordinates

- Directing: Managers tell people what tasks will be performed and when and how they should be done

- Coaching – Facilitating – Participatory – Supportive - Task oriented - Team-based

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