If, during risk response development, you successfully identify how you will respond to a risk, contingency planning is unnecessary.
Answer the following statement true (T) or false (F)
False
The contingency plan represents actions that will reduce or mitigate the negative impact of the risk event. A key distinction between a risk response and a contingency plan is that a response is part of the actual implementation plan and action is taken before the risk can materialize, while a contingency plan is not part of the initial implementation plan and goes into effect only after the risk is recognized. Both are necessary.
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Fill in the blank(s) with the appropriate word(s).
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A) buyback arrangements B) offsets C) barter D) sealed bids E) compensation deals
The discount rate used in net present value calculations is the company's minimum rate of return
Indicate whether the statement is true or false
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What will be an ideal response?