University of Westminster

11.Opening ceremony delayed	Disappointment of stakeholders	Weather change, rain	Fatal	Possible
6

Response to Risk

There are four major types of prevention, elimination, transition and preservation of risk response strategies employed by most project managers. Reduction entails reducing the effect of risk, moving risk control to another entity or continuation by taking steps to resolve the problem in which mitigation means making any improvements to the project schedule not to include such risks. There is one more strategy that entails accepting the risk that is commonly used for beneficial hazards (Kristen et al.,2006)
By providing responsible people to eliminate and avoid these risks it is possible to decrease the possibility of the risks, that will be shown in the contingency plan.

Contingency Plan

Name	Response	Contingency Plan	Cost	Responsible
1. Research bias	Reduce- Provide sense of privacy	Double check the responses	-	3 Assistants